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Strategies & Market Trends : LastShadow's Position Trading
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To: Jeff Sutton who wrote (3489)12/1/1998 7:19:00 PM
From: AlienTech  Read Replies (1) of 43080
 
>>Is there a way to identify a shake-out<<

One of the ways is... (not exactly what you were askign for but....)

>>

One of the key market maker techniques we saw today was MM's switching tier sizes to 1 all day long. They do this to protect themselves from the soes players (being obligated to only 100 shares) and to panic sellers lower and on the ask they do it to induce panic buying with the illusion of an uptick soon. When a MM switches to a 1 size, soes is useless since you can only get filled for 100 shares. Archip is useless because as soon as you enter an archip order, the nervous nellie daytraders who DONT understand what the MMs are doing will also panic and use archip to sell lower. MMs would then step in at 1/2 or a round number with size when it is not on the inside only to give the appearance of support ONLY to step off when it becomes the inside and thus leading to a bigger wiggle pulling the rug out from underneath the traders. At the very bottom of the wiggle is when the market makers rush the bid after they have accumulated their shares and chase the stock higher with size. It happened ALL day long on OMKT (wiggles were usually 1-1/2 pts before MMs switched back to tier 10 on the bounces). DCTI was the same fake right from the opening run.

Dont click on the link!
undergroundtrader.com
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