Trade What You See, Not What You Think Message Board

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Strategies & Market Trends : Trade What You See, Not What You Think

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To: KM who wrote (26)	10/15/2000 12:24:39 PM
From: Threei	of 867

KM, But still, how are you dealing with these frequent ad hominem short attacks in the context of your own tape reading? They're not really a reflection of the normal supply/demand equation. I suppose it can be reversed as well, with "long" attacks. I would qualify it rather as trick and perceive it as such. Tape reading is intended to read natural supply/demand. If someone tries to go against natural flow he might succeed in very short time frame only, or he will get scalded. It might be not short attack but just desire to get filled on the buy side bidding the stock. The same I often see on long side: huge bids posted on several ECNs just to get rid of several thousands of shares at the offer. Try to hit them and they disappear all at once. We had discussion about it once when I said I don't like to call them "fake bids". Really, if you can hit them they are not fake. So, member came up with abbreviation which we liked very much: NITBBs - No Intention To Buy Bids :) Vadym

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