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Strategies & Market Trends : Level II Trading

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To: ojai who wrote (448)4/8/1998 7:43:00 AM
From: DRRISK  Read Replies (3) of 1086
 
Ojai,
MM's actions are like reading tea leaves sometimes you are right and sometimes you are wrong. They do tend to pattern their behavior and the patterns on individual issues is the key. In general undocumented patterns are no better then a guess. The individual action on a single day by a single MM"s means very little, you need to follow the AXE on a stock and know over time the opinion of their analyst, their action on the stock for the past few months and their day to day patterns over 1-2 months before you can make an opinion about their behavior on an individual stock. Even then you are subject to them cloaking their intentions. They can sit on the ask selling shares to depress the stock in large volumes and then panic a selling which allows them to jump to the bid and accumulate the panicked shares. This is common in my opinion and not easy to detect.

The day to day battles are a whole other issue.

DrRisk my thoughts FWIW
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