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Pert this is a good post for me and right now I can't disagree with what I
don't know. But with other day trading I can and there are so many things
that effect the S&P. Trin, Tick, Bonds, Prem and ect but for me its to much
data and I don't even look at them and I do better. I have an over OS, OB
and a trend then its all patterns. What ever works but the S&P is just to
wild to manage for me anymore.
Robert
Perthuis@xxxxxxx wrote:
>
><< From what I can tell the MM got the advantage and the bid ask can't be
> believed so why use it. Seems like it would just a distraction and a
> guessing game with level 2 and MM who has the advantage. If this is so then
> why not just forget level 2 and trade level 1. >>
>
>You can never just use one tool. Level 2 only works in conjunction with a
>score of other tools including time/sales, premium, technical analysis, news.
>etc. IMO information is power and all of these tools provide information
that
>someone, somewhere is using so I don't want to be left out. However, I
>started with one tool at a time and added them to the arsenal after studying
>the relationship between the other tools.
>
>Pert
>
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