Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

Rick, With the level of program trading that we are seeing at over 50%, I think the program traders are a force that must be recoginized when daytrading. Any tool that we can find that telegraphs their moves would be helpful. The closest thing I can find is the 'tick'. I can see us moving to a time when technical analysis could be used as a tool against the daytrader. We are seeing many more failed breakouts in both diorections. In my opinion, this is where program trader can make his best profits as he sells to buying up breakouts, and buys from those selling going the other direction.