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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: eichler who wrote (81343)8/10/2001 12:12:28 PM
From: Hans  Read Replies (3) of 99985
 
I have a basic question. I just got level II quotes...

Now KLAC just ran from 50 to 51+, and is coming down in a pattern resembling a jagged mountain peak.

If the bid size is greater than the ask size, is that a sign of selling pressure? In looking again, I notice that they both jump around. For a minutes, the bid size was 10+ and the ask 1. Now they both fluctuate, with the ask size sometimes (but not most of the time) greater.

Any comments or theories welcome.

-hans
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