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the Level I screen presents the Daily High, Low, and Volume of shares. The third line is the current Bid, Ask, and Yesterday's closing price. |
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A thin ribbon divides the relatively small portion of the NASD Level I information (shown on top of the ribbon) from the majority of the Level II information (directly below the ribbon). The ribbon looks like an armed services military ribbon with different colors running in a horizontal spectrum. The different colors demonstrate the depth of the market-maker quotes at every price, from highest to lowest (running from the center bar of the ribbon). The ribbon is a horizontal picture of the depth of the market which is vertically displayed on each MARKET MAKER screen. |
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Chart 1-1 has one open MARKET MAKER window for Cisco Systems, Inc., and a second MARKET MAKER window open for Intel Corp. Each of these windows represents a Nasdaq Level II screen. The striated gray colors on each MARKET MAKER window (shown in vivid color on the real computer screen) represent different market-maker price levels. These price levels change as the ticker price changes. Prices (and colors) in the MARKET MAKER window will move up or down to reflect market direction. |
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The graph in the lower left-hand quadrant of the screen shows the Nasdaq 100 index for March 26 and for part of March 27. The time at the bottom is shown in military time. Your day trading system will be able to compile any chart or charts you require in relatively short order. It will also superimpose one chart upon another from a bundle of charts and time frames available for you to chose from. You will probably run out of important indexes before the quote program runs out of available charts. Important indexes that you can turn into graphic form include the Nasdaq composite index ($COMPX), the Nasdaq 100 index ($NDX), the U.S. 30-year Treasury bond future index (/USH8), and the S&P 500 cash index ($SPX). You can also chart the price of any stock and compare the stock's performance with any relevant index. |
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