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I would love for someone to confirm that this is accurate, and since no one has yet this is not set in stone for me! PHEW, ok I'm done.  |
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You mean tape reading, right?
Back in
Jesse Livermore's day what did the tape consist of?
Was there even a DOM back in the day?
Remember, the DOM has nothing to do with pure tape reading as any resting orders (i.e. bids and offers) can be cancelled without being executed at any time.
The only info that matters is what is actually transacted by those who hit the bid or lift the offer. And that's what tape reading is all about.
Doesn't matter whether it's electronic T&S or an old-fashioned paper ticker, the info is the same.
Forget the DOM and concentrate on the Time and Sales and you'll be alright.
-fs