Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (69706)	2/21/2001 1:01:21 PM
From: KeepItSimple	Read Replies (4) \| Respond to of 436258

>feels like the bounce is real ... The best way I've found to check whether or not movement is "real" or just being manipulated higher or lower is to use www.3dstockcharts.com. Enter in your ticker symbol on the left hand side, then click the "book" tab. It shows all open orders from all the ECNS, in real time updating java. The real important info to watch is the total number of orders to sell and to buy listed at the bottom of the updating chart. For instance, on Broadcom right now there are 144 orders to buy and 370 to sell. An imbalance like that would normally mean the stock is going to crash, unless it is being held up artificially by Market Maker manipulations. And manipulation is the name of the game on the ECNs. You can literally watch fake huge bids being entered just above or below the bid/ask, and retracted 1 second later without ever crossing the tape. Often it's done with real trades of just 7 or 12 (!) shares, just to fool other automated programs that are designed to scalp trends. But the number of open buy/sell orders almost ALWAYS determines the eventual direction of the days trading. If a stock is moving counter to the buy/sell order ratio, then you can safely assume it is being manipulated and is in for a quick reversal. I've been using this trick for the last 5 months, and it has made me money 99% of the time. I'm surprised nobody else follows it. I've actually thought of writing a little automated script to "play" certain stocks unattended just buy using the buy/sell imbalance. :) P.S. I used this info to re-enter my BRCM short a few minutes ago at 68. Sprinkled in a few 10 point OTM poots for good measure too.