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Another very good book on L2 is "The Underground Level 2 Daytraders Handbook" available at www.undergroundtrader.com.
> -----Original Message-----
> From: Clint Chastain [mailto:flag@xxxxxxxxxxxx]
> Sent: Thursday, October 29, 1998 10:59 PM
> To: Ramin Zahraie; omega-list@xxxxxxxxxxxxxx
> Subject: Re: Trading Level 2
>
>
> 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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