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Message: Re: Trendline reversal
2
Jun 18, 2008 06:21PM

Ro42wal I am not the teck that you are but over the last couple of trading sessions have been watching the sp periodically with level2 and the trading pattern seems to have changed can't put my finger on it but after reading your post what i was seeing made sense yes the sellers could not seem to push the price around and while i was watching there was no large blocks of sells visible. Also someone has been quietly buying it is called iceberging the buyer hides, only purchasing small blocks but is always there hard to explain. On my L2 I can see the blocks of buyers and sellers this buyer would bid for 2000 shares when his trade was executed he would immediatly bid for another block of 2000 at the same price and wait for a seller great way to accumulate without puttting up a large block on the buy side and scaring away the sellers . This had been going on for at least 3 or 4 trading sessions, did not post this because i thought everyone would think i was nuts. I think things are about to turn but i have been wrong before. If you have a response or would like me to look for something in particular let me know.

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Jun 19, 2008 03:49AM
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Jun 19, 2008 12:50PM
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Jun 19, 2008 03:52PM
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Jun 19, 2008 08:50PM
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