MMs can see supply and demand from everyone (Level 3) and know what will happen before us. Watching volume is a solid indicator of future price movement as that is something we can see that shows MM accumulation (on the low) and distribution (on the hi), trade signals are seen by all MMs and dispersed throughout the market. There's no purpose behind a 700 share trade (a $28 trade) for retail, only explanation is stock is going to test higher numbers. Basically with demand low here, move it up to see if biting, on bites we move up or without bites we move down (retail sells add to MM accumulation) and the process starts again. Here we are on the cusp of a mammoth merger and MMs are tight on the spreads. The minute the merger hits newswires, the moment is right for MMs to jump up price as Sideliners chase
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