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Old 02-19-2008, 10:42 PM
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Re: NYSE Ticks Question

That is interesting. I've never used TS and figured everything just reported TICK in 5 second intervals. Did you see at all if DTN/Esignal was just adding them all togather vs TS? If TS reports 100, 100, 0 -100, -100, DTN/Esignal reports 0?
I'm not sure how big of a deal this really is but it does kind of suck to not have the optimal setup with a dedicated feed.(I use DTN, its 5 second intervals if you look at the tape)
Linda Raschke mentions tick hook like patterns at +400/-400 in Street Smarts. I also love the pattern and would highly recommend getting hold of a cummulative tick indicator to go along with it. It really helps to put the hook in context. The danger is without cummulative tick you don't know if your trying to fade an over reaction or if your trying to fade the market even though things are being tipped in the direction of the hook overall at the bid/ask. Its especially bad if your trying to fade the top of a range with a hook but cummulative tick is going in the direction of the hook, good chance you get caught on the wrong side of a breakout.

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