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To: KeepItSimple who wrote (69713)2/21/2001 1:11:07 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
neato... I'll take a look



To: KeepItSimple who wrote (69713)2/21/2001 1:43:32 PM
From: patron_anejo_por_favor  Respond to of 436258
 
<<. I used this info to re-enter my BRCM short a few minutes ago at 68>>

Good move, nothing but air under that chart below 71 or so...



To: KeepItSimple who wrote (69713)2/21/2001 2:00:07 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
That site is da BOMB! Go RED TEAM!<GGG>



To: KeepItSimple who wrote (69713)2/21/2001 3:16:21 PM
From: GraceZ  Respond to of 436258
 
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.

Total BS. If this method is working for you, it is totally coincidental. So have you concluded that if it works it's because you are right and if it doesn't it's because the stock is being manipulated? You demonstrate that you don't have a clue as to what moves stock prices.

Even during the mania days the book is almost always loaded above for just about any stock you look at on an ECN. Big institutional orders aren't shown at all on anybody's book and booked orders get pulled in an instant when the big picture changes. They have almost nothing to do in determining the stock price in a continuous market. Price is determined at the margin. Where the big market makers had or have an advantage is that they know about large numbers of market orders before the open.