Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Lino who wrote (904)	4/6/1998 11:08:00 PM
From: ojai	Read Replies (1) of 2120

Lino- Thanks for the response. I was watching VTSS at the close today, the MM with the most #at bid would move up to the best bid, buy a bit, drop down 3 to 4 levels, then the price seemed to have downward pressure, other mm's following suit. The MM was also on the ask, but seemed to stay a few levels away from best ask, even when the ask moved in it's direction. So I am assuming that because it was generating a buy at bid, then moving away, it was indicating downward pressure. I was curious to see also that there was 3 50k blocks during the day at 2 points above where it ended up at the close. It seemed odd that those blocks went out near the high of the day,(maybe it was not odd at all, MM profit taking?). The more I learn, the more questions I seem to have. -ojai

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