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Capt_Nemo

10/13/03 8:56 AM

#4918 RE: DAVE_007 #4917

Dave IMHO level II is a big help, but the MM have found ways to play tricks on it as well, you will see a wall of 5 mm at ask, and within minutes if not seconds the wall will be gone, and visa versa, One sees great support, 5 mm at bid, most would thing that a good sign , just to have that surpport vanish just as fast, Some days it works, some it don't JMHO, and G/L
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timhyma

10/13/03 9:28 AM

#4924 RE: DAVE_007 #4917

I'm just starting to look at it, since Ameritrade gave it to me for free.
I use Island at times, for Nasdaq stocks-
http://www.island.com/bookviewer/javaversion.asp


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Alydyr

10/13/03 10:12 AM

#4927 RE: DAVE_007 #4917

ddfridd - I have used E-signal in the past. Typically, they have a nice product.

Also, keep in mind that Level 2 is basically for trading Nasdaq securities only. The NYSE uses a specialist system, and L-2 is pretty much useless for the OTCBB. OTCBB market makers typically list blocks of 5,000 shares at a time, and the OTCBB really is not a liquid marketplace (for the most part).

I like the direction you are heading with this. Feel free to ask any questions. I'll help all I can.

A