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amen,
all i can add is the simple stuff
market evolves and we should too,
else we are history.
better tools, faster tools, smarter tools...
getting more expensive to be in the
business...
but i still think that the underlying market
structure is intact. sure we got some
more volatility now, faster moves
and one sidedness but on the positive
note, moves are there, trends are there...
and some concept still hold up although
not as well as they used to...
it's just getting harder to id them with
todays tools, so you gotta develop
better hammer...
stocks can move 5-10% in an hour or two now
where as in the old days it'd take
a month or two :-)
take a look at all this technology. i bot a high end
1G machine a couple of months ago and it's now
old already...
i am telling you... life in a faster lane every day...
we gotta slow down a bit or we'll crash one day
for sure :-)
bilo.
----- Original Message -----
From: "Lawrence Chan" <stnahc@xxxxxxxx>
To: "Bilo Selhi" <citadel@xxxxxxxxxxxx>; "Neal Falkenberry, CFA"
<tnf@xxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Tuesday, May 15, 2001 9:25 PM
Subject: Re: Dual CPUs
>
> Bilo,
>
> I've said that many many times, all these
> people selling their day-trading secrets with
> all these websites selling day-trading picks
> already implied the game of day-trading as it
> was is over. game over.
>
> The new environment is a totally different
> ball game - and those who thought they know
> how to trade stocks, will be in total shock
> that what they know means nothing any more :)
>
> The original time series behaviour of most
> stocks are gone, and will be gone forever.
>
> There will still be daytrading, but only those
> who can command better real-time tools will be
> able to gain back the edge needed.
>
> -Lawrence
>
> --- Bilo Selhi <citadel@xxxxxxxxxxxx> wrote:
> >
> > > We believe the move to decimalization changed the
> > demands on our CPUs
> > with
> > > respect to data collection although we can not
> > prove it. Has anyone else
> > > experienced similar problems?
> > >
> > you bet. things changed since the decimalization in
> > equities, esp in Naz.
> > short term price volatility increased and noise
> > level went up considerably.
> > spreads are now negative many times especially ecn
> > spreads.
> > <snip>
>
>
> =====
> Lawrence Chan http://www.tickquest.com
> Home of trading tools NeoBreadth and NeoTicker series
>
> __________________________________________________
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