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<DIV><FONT color=#000000>Traders,</FONT></DIV>
<DIV><FONT color=#000000>
<P align=left><STRONG>102298 Thursday, will present an opportunity to enter the
(Long December Wheat - Short December Corn) Spread. The </STRONG><A
href="http://homepage.macomb.com/~mig/analysis/wz-cz.gif";><STRONG>up trending
channel</STRONG></A><STRONG> for the WZ-CZ Spread held on Wednesday, and WZ is
in a </STRONG><A
href="http://homepage.macomb.com/~mig/analysis/wz-cz-obos.gif";><STRONG>position
to turn up</STRONG></A><STRONG> from an oversold level on the Daily time frame.
The Weekly time frame has already turned up for WZ ... December Corn is still
under harvest pressure, and its Daily time frame is not yet oversold. WZ should
be stronger relative to CZ. </STRONG></P>
<P align=left>Dennis Peterson</FONT></P></DIV>
<DIV><FONT color=#000000 size=1>Home Page <A
href="http://homepage.macomb.com/~mig/home.htm";>http://homepage.macomb.com/~mig/home.htm</A></FONT></DIV>
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</x-html>From ???@??? Wed Oct 21 20:16:06 1998
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Date: Wed, 21 Oct 1998 20:46:03 -0500
Reply-To: rnorwood@xxxxxxxxxx
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From: Russ Norwood <rnorwood@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: MKT/GEN: NASDAQ question
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With Waterhouse, you can do stop limit orders if you obtain there free
Windows software. The cost is the same as doing via Internet.
Russ
Szilassy wrote:
> I have used two different brokerages (Datek and Waterhouse) to place stop
> orders on NASDAQ stocks and it has worked as anticipated (i.e. without
> problems). With Waterhouse you are limited to stop market orders (for MANY,
> MANY reasons I do not recommend them), but with Datek you have a stop limit
> option as well. I don't know which broker gave you the idea that stop
> orders are not possible for NASDAQ stocks, but with limitations like that I
> strongly suggest you find a new one.
> -----Original Message-----
> From: UG <ug@xxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Wednesday, October 21, 1998 11:07 AM
> Subject: MKT/GEN: NASDAQ question
>
> >
> >I think I understand why NASDAQ doesn't allow stop orders. As I
> >understand it, on NYSE stocks, a stop order is given to a specialist who
> >will then change it to a market order when the bid/ask gets to the stop
> >price. Since NASDAQ has no floor, and hence no specialists, it can have
> >no stop orders.
> >
> >How is this different than a limit order? Say the bid/ask on XYZ is
> >98/100. If I place a limit order for 99, what happens? Does the inside
> >market change to 99/100 to reflect my new bid?
> >
> >In other words, how are the mechanics of a stop order different from a
> >limit order?
> >
> >--
> >========================================================================
> >Listen, three eyes, don't you try to outweird me, I get stranger things
> >than you free with my breakfast cereal. Douglas Adams, spoken by Zaphod
> >Beeblebrox
> >http://www.unixgeek.com/cgi-bin/motd.pl - PGP email preferred
> >
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![http://homepage.macomb.com/~mig/analysis/wz-cz.gif"](http://homepage.macomb.com/~mig/analysis/wz-cz.gif"){kind=link}
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