Is tape reading going to be dead?

[ProfLogic]

Quote from Don Bright:

Actually, a more advanced type of tape reading seems to be on the horizon. We still have all the relationships between FV, prem/discount, sectors, depth and breadth of of the individual stock shares...plus the added need to see the where the liquidity is being taken/provided from or to.

My conversations with the GS NYSE hybrid big whigs leaves me with the impression that there is still a long way to go before we have too many functional changes...

We have to wait and see, I'll do my best to keep you all informed.

Don

Thanks Don for all your continued help to new and aspiring traders.

The horizon is already here.

Tape reading will never die . . . it just evolved.

 

[TSGannGalt]

There aren't a lot of people who knows how to do it, anyways.

Of course, "wannabe" tape readers will be gone.

 

[billp]

Copied from a poster:

hybrid system is basically that on the NYSE u can now buy stock either through teh specialist, or through ECN's.

Go to the below thread (page 1--right at the bottom) if you want more information
Forums ›› Technically Speaking ›› Strategy Trading ›› Scalp Nasdaq

 

[William Rennick]

Hybred,Schmybred... Once my timing guy points his indicator at it I'll being saying Hi to all the Bread I'll have rolling in. Just got back from an incredible vacation and I'm ready to start kicking ass again.

Rennick

 

[Huskydog]

Quote from atomictraders:

For those who don't know... what's hybrid trading? A link or short definition would be appreciated. TIA

http://www.nyse.com/marketinfo/hybmarket/1127349068564.html

Plenty of answers here.

 

[ProfLogic]

Quote from William Rennick:

Hybred,Schmybred... Once my timing guy points his indicator at it I'll being saying Hi to all the Bread I'll have rolling in. Just got back from an incredible vacation and I'm ready to start kicking ass again.

Rennick

Someone PM'd me saying this was you. Is it?
http://profile.myspace.com/index.cfm?fuseaction=user.viewprofile&friendid=36102390

 

[Scorpian]

Do you believe someone can become a great soccer player without the skills of judging what is happening on the field?

 

[ChaosNSX]

Keep it on topic...

 

[watchthetape]

Even with a modified NYSE system, you will still be able to observe how size is being absorbed, offers taken and re offered or bids hit and re bid, how size moves price or doen't move price etc. Watch the composite tape in addition to the nyse tape and take note of the relationship between the two. Even with a hybrid system specialists, market makers, upstairs traders etc. will be watching all executions and markets to determine where to direct their orders, the price and volume and price movement will tell all as opposed to trying to figure out the specialists intentions.

 

[AkbarTrader]

Hybrid market hmmm, as it is going to happen, i am sure type reading won't be dead. As big investors and trader are learned to trade by type reading.

A.T.