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Strategies & Market Trends : Befriend the Trend Trading
SPY 690.270.0%Dec 26 4:00 PM EST

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To: Bert Zed who wrote (2829)1/28/1999 2:45:00 PM
From: Dr. Stoxx  Read Replies (1) of 39683
 
No. I don't have access to Level II (though I did find recently a site that gives free, 15 min. delayed Level II quotes. Quote.com). "Lots of selling" refers to the fact that the price is $1 under the open, meaning that MM's are able to lower the ask in response to more shares being offered at ask than at bid.

TC.
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