Okay, I've been looking at the open book for NYSE stocks and what I'm trying to figure is how you guys interpret it. Should I look at it straightfowrwardly, meaning whichever side has less orders has less resisitance in its path. Or should I look at it contrarily, meaning the specialist is going to work the stock towards the larger orders? Also, what about when you throw the direction of the trand in the equation, what adjustments would one make to the analysis? Any thoughts on this would be appreciated. MUChris
I've had the NYSE open book for a couple of months now, and find little useful information with it. They don't reflect short sales, and the quotes are delayed going in. I have placed orders to see if they were reflected in a timely fashion, and they were....to a point. I don't see it as much of an advantage, simliar to Level 2 in it's usefulness (very little). IMHO... Don