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Strategies & Market Trends : Analysis Class for Beginners

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To: Arthur Tang who wrote (1117)1/18/2000 6:58:00 AM
From: Arthur Tang  Read Replies (1) of 1471
 
Micro TA and the mystery of overbought and oversold?
Micro TA is practiced on one day one minute interval charts as the trading day progress.
Bid and ask volume is totaled and the market whether overbought or oversold is determined. The market is presumed to be dominated by the lead market maker. This can be checked by level2 info or by Nasdaq trading data of the past month.
The shift in bid and ask price also have to be analyzed to look at the spread to predict the market maker's intentions whether he wants to buy stock or sell stock. The fact that each stock has only one lead market maker and in their bull pan, only one person in charge of that stock; you can type cast the person and predict his signature on the movement of his pricing.
Good luck on your investment using the micro TA.
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