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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: LPS5 who wrote (13504)8/12/2001 3:17:16 PM
From: Dan Duchardt  Read Replies (2) | Respond to of 18137
 
LPS5,

It should be noted that merely moving ones' bids and offers around does not, in and of itself, constitute tape painting.

Duly noted, but I never intended to suggest that it was. What I perhaps failed to make clear is that my perception was the that number of trades going off at the ask indicated a lot of buying pressure, and yet the ask kept pushing lower and lower, and staying there. This was clearly not the occasional small trader shoving a few hundred shares in front of the best offer.

As for the rest.. appreciate the explanation of the audit measures in place.

Dan