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Perhaps you could elaborate for the benefit of those of us who have not
purchased the book?
-----Original Message-----
From: Ramin Zahraie <ramz1@xxxxxxxxxxx>
To: omega-list@xxxxxxxxxxxxxx <omega-list@xxxxxxxxxxxxxx>
Date: Thursday, October 29, 1998 10:19 PM
Subject: Re: Trading Level 2
>> The problem is that Level II was only available to insiders until about 2
>> years ago. As it slipped from their grasp-- over time, the Market Makers
>> have developed a variety of tactics (head-fakes, etc.) to mis-represent
the
>> true representation of the current book. It would take several chapters
to
>> cover the various illusions that they create to paint the Level II
picture
>> that they want you to see. Maybe others would care to elaborate further.
>
>The Electronic Day Trader does a respectable job of describing some of
>these tactics.
>
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