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Zeev Hed

07/31/03 4:49 PM

#136351 RE: schloss_1 #136336

No, not at all. If I have a specific general market directional change tactic in my daily map, I'll deploy near what I "think" are daily bottom of boxes into the time window of the mapped turn, if my prices are not reached within the time frame, I'll simply hit between the bid and ask if the market seems to be ready to turn, just under the bid, if I think there is still a time window before the turn, and some rare time, will even hit the ask, if I feel I missed the turn. On top of that, for specific stocks I play, I will also have one or two under the market DOB's (like I had CCMP at $61.50 and was not hit, so I added another DOB later at $62.51 that was hit, the first was removed after four DOB's on other stocks where hit within 10 minutes of each other in late afternoon.