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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (15686)6/22/2004 2:03:06 PM
From: justwhatuwant  Read Replies (1) of 110194
 
Couple points:

1) There is definitely a huge increase on the bid/ask, at times, these days. Its not unusual to see 2000-3000 at bid or ask.

2) When you see this huge bid/ask and the price goes through that bid or ask, you will NOT see 2000-3000 traded. Someone is pulling their orders just before. They wait for the pressure to build then let her rip. Most times the follow through is not huge immediately but the next 10 minutes might show action.

3) Gelber (http://www.gelbergroup.com) does exist. They are a clearing, execution and money management house. I guess Brian Gelber, Pres/BoD, is a "World-renowned" trader. He and his brother run this (Brian owns 64%, Frank owns 12%). Their other brother, Art, is an energy consultant (http://www.gelbercorp.com) who started the energy trading division at Gelber Group. They say that they at one time traded 10% of the NYMEX NG futures.Still do?

I think there may be some validity to the contracts being traded IMHO. But who is doing this is unclear except for what this guy claims. Besides, why would a smart house blatantly break the rules (if those are the rules)? They aren't stupid.

Can these big guns see who/what firm is on the bid/ask? I guess there must be an equivalent Level II on the CME. (I obviously am not a big trader LoL).
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