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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 695.17+0.2%Jan 12 4:00 PM EST

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To: Clint E. who wrote (17124)7/16/1998 4:44:00 PM
From: Tiley  Read Replies (1) of 69695
 
Clint,

I have some questions for you regarding SAVLY's action today. What do you think is the reason that the MMs dropped the price on low volume?
I don't think the MMs would want to sell from their inventory at a lower price than yesterday, unless the demand was lower than the supply. SO the only way the price could have dropped is if there was a big seller in the background. Then the MMs would have dropped the price till enough buyers came in to soak up the supply.

What other scenarios are possible?

Looking forward to your interpretations,
- MJ
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