DA Elite Features

Trade direct through ARCA, ISLD, and ISI

Top Ten Window:

Fundamental Quote Window:

The Fundamental Quote Window enables you to view statistical, fundamental andtechnical data for most any symbol that is entered.

Condensed Quote Watchlist:

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Highly Customizable Charting:

Chart ScalingChart scaling allows you to specify what time period to display charts. Options availableare Linear for regular charts and %Change to display charts based on a %changebasis from the previous day close.

Trend ModeYou can select other drawing tools such as Trend, Fib Fans, Gann and Channels, andAndrews.

NASDAQ LEVEL II

NASDAQ Level II window allows you to view Market Maker and ECN (ElectronicCommunication Network) Bid and Ask price changes and trade information on a secondby second basis as it occurs during the trading day. Additionally, Level II allows theuser to view Bid and Ask volume at every price level.

NASDAQ Level II FieldsExplained

MMID = This field indicates theID of the firm that posted aBid/Ask.

Bid = This field indicates theprice the Market Maker is willingto pay for the security.

Ask = This field indicates theprice the Market Maker is willingto sell the security for.

Size = This field indicates thesize or number of shares.Please note: NASDAQ MarketMaker Bid/Ask are usuallyposted in hundreds.

Price/Size = Actual transactionsreporting both price traded andnumber of shares.

The News Window enables you to view real-time news headlines and full-lengthstories. Simply click on the News window located on the menu bar, then click on Newsthen enter a user-desired symbol. All headlines for the imputed user desired symbol willappear. To read a full-length story, simply double-click on the corresponding desiredheadline.

The Alert Window enables you to be notified once a symbol has reached new highs,new lows or has news. Simply input the user desired symbol parameters and willprompt you both visually and audibly upon execution. You may enter any number ofsymbols and enable/disable any combination of options.

You can modify the Alert Window options by clicking on the arrow next to the desiredfield. You may turn on/off to enable/disable by clicking on the desired command. Thisprocedure may be repeated for each individual feature within the Alert Window.

The Alerts windows visually and audibly notifies you once a security/instrument youselected has news, exceeds a volume requirement, passes above/below a price thatyou selected and if a new high or low has been attained.

Option Analysis

Price: Enter the currentprice of the stock.

Expiration Date: This is thedate that the option expires.Click on the down arrow toopen a calendar to select theexpiration date from. Torecalculate after a datechange you have to tab overto the next field afterchanging the date.

Interest Rate: Enter theShort-term risk free interestrate here.

Volatility: Enter theVolatilityof the stock or commodityhere.Read the section on volatilityestimation for moreinformationon selecting the Volatility.

Strike Price: This is the strike priceof the option.

Strike Increment: This is not arequired option for estimation. Thisfeature is there to tell the tablesection to increase the strike price bythis amount and to show the Greek'sbased on the different strike prices.

As you can see from the table, thevalues show the strike prices inincrements of 5. All Greek values aredisplayed in the columns next to thestrike price. For more information onthe Greek values read the section onGreeks explained.

Charting Tools

Trend LinesA trend line is a line that is drawn between two or more prominent points on a chart.Rising trends are drawn from connecting prominent lows while falling trends are drawnfrom connecting prominent highs. Trend lines indicate support and resistance levels.Another way to draw trend lines is to draw it from a low to a low and to then extend it.This extended trend line indicates support and resistance levels for future pricemovement. For example you draw a trend line from low to low the line got brokenindicating a change in trend, this extended broken trend line becomes resistance for themarket when it moves back up.

Fibonacci ArcsFib arcs are drawn from two extreme points, a trough to a peak. The lines representsupport and resistance levels.

Fibonnaci RetracemantsFib retracements are drawn between a significant top and bottom on the chart. Theretracement levels indicate support and resistance. In strong up trending markets lookfor markets to retrace no further than the first support level. Look for a trend reversal ifthe 50% retracement line is broken.

Gann AnglesGann believed that the ideal balance between time and price exists when marketsprices rise or fall at a 45-degree angle. A bull market is intact if prices remain above the45% line and vice versa. Gann observed that each of the Angles can offer support andresistance based on the trend.

TrendsA trend represents a consistent change in prices (i.e., a change in investorexpectations). Trends differ from support/resistance levels in that trends representchange, whereas support/resistance levels represent barriers to change. A falling trendis defined by successively lower high prices.A rising trend is defined by successively higher low prices. Volume is the key todetermining the significance of the penetration of a trend.

Support LevelsSupport levels indicate the price where the majority of market participants believe thatprices will move higher, and resistance levels indicate the price at which a majority feelsprices will move lower.

DivergencesIndications that an end to the current trend may be near and occur when the MACDdiverges from the security.