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To: KM who wrote (143492)10/1/1999 9:12:00 AM
From: jttmab  Respond to of 176387
 
KM,

I've noticed on I-watch, with lower liquidity issues, that it's often the reverse of what you would think. I've seen plenty of buy or sell messages that never make it to a trade. I have a theory [referred to sometimes as a guess] that the buy/sell messages are used to manipulate traders to set floors/ceilings for share price. The traders jump in front of the buy/sell prices.

I prefer to see the bottom, rather than guess the bottom.

Regards,
Jim