"IT IS CLEAR TO ME THAT IN ORDER TO SUCCESSFULLY DO BUSINESS IN THE 2000'S, TRADERS ARE  GOING TO HAVE TO MOVE AWAY FROM THE TECHNIQUES OF THE 1900'S," SAYS DR NIRMAL DHALLU, CHIEF EXECUTIVE OFFICER OF DECISION SUPPORT SYSTEMS SPECIALIST 5D LTD.
"THE MAJORITY OF THE SYSTEMS AVAILABLE FOR INTRA-DAY ARE SIMPLY BASED ON END OF DAY CHARTING METHODS, ORIGINATED IN THE EARLY PART OF THE CENTURY, THAT PRIMARILY RELY ON PATTERN RECOGNITION. HOWEVER, THESE PATTERNS ARE NOT NECESSARILY VALID WHEN THE TRADING DAY IS ARTIFICIALLY CUT INTO SAY, FIVE OR TEN MINUTE INTErVALS. THE MODERN METHODS, ON THE OTHER HAND, ARE USUALLY LAGGING INDICATORS THAT HAVE WORKED WELL IN THE TRENDING MARKETS, BUT HAVE SERIOUS DRAWBACKS AS DAY-TRADING SYSTEMS BECAUSE TRADERS MUST CLOSE POSITIONS BY THE END OF THE DAY.
"AN INTRA-DAY TRADING SYSTEM MUST IDENTIFY CHANGE IN MARKET DIRECTION FOR EARLY TRADE ENTRY AND HAVE A TARGET FOR EXITING A TRADE BEFORE MARKET TURNS. RESEARCH  SHOWS THAT THE MARKET IS REMARKABLY PREDICTABLE IN THE SHORT TERM. IT MOVES IN ACCORDANCE WITH FIXED LAWS OF MATHEMATICALLY COMPUTABLE NUMBERS INVOLVING PRICE AND TIME. IF THESE NUMBERS ARE KNOWN IN ADVANCE, THEN THE FUTURE DIRECTION OF THE MARKET CAN BE DETERMINED ACCURATELY.
THIS HYPOTHESIS IS BEING USED TO DEVELOP NEW SYSTEMS, INCLUDING THE FIRST MODEL, WHICH CAN BE EQUALLY EFFECTIVE IN ALL MARKETS AS LONG AS REAL-TIME DATA IS PROVIDED BY THE EXCHANGES AND THE CONTRACT TRADED IS SUFFICIENTLY LIQUID. THE DAY TRADER SHOULD AVOID INSTRUMENTS WITH TRADING LIMITS - I HAVE SERIOUS RESERVATIONS ABOUT DAY TRADING OF INDIVIDUAL STOCKS DUE TO THE WIDE SPREADS AND COST OF TRADING. 
ONLY VERY RECENTLY HAVE PROFESSIONAL AND PRIVATE TRADRS BEEN ABLE TO COMPETE ON A LEVEL PLAYING FIELD AS THE TECHNOLOGY HAS ALLOWED FASTER ACCESS TO INFORMATION DATA AT LOWER COSTS.  THE FLOW OF INFORMATION HAS BECOME SO MUCH FASTER THAT THE MARKETS REACTION TO WORLD EVENTS IS NOW ALMOST INSTANTANEOUS. CLEARLY, ALL EYES ARE ON THE DEVELOPMENT OF THE INTERNET, AND WE HOPE THAT THE FIRST SYSTEM WILL BE AVAILABLE ON THE NET PROVIDING AN ACCESS ON DEMAND BASIS.