Monday, September 29, 2008 9:45:01 PM
What it does by watching the L2's....is that it shows you what the going price is if you want to sell your shares....and it also shows you what the lowest price you can expect to buy shares for at any given moment.
IHUB has a level 2 chart...for free...but it's delayed 15 minutes. Ameritrade has a real time L2 chart that is included in your membership. There are many companies that sell L2 charts. Needless to say...real time is the only way to go. If a stock gets hot...and is trading millions of shares....a 15 minute delay....just doesn't give you the current info you need to know.
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