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xZx

Re: erythrite post# 36513

Friday, 11/16/2007 2:07:34 PM

Friday, November 16, 2007 2:07:34 PM

Post# of 107353
did you read what i wrote in my post at all? if you know how to read level 2 you can tell when a stock is being walked down on low volume. sure, some folks see this weakness and decide to hit the bid, that's why scare tactics like gap downs in premarket work after earnings.

but my point was i saw much larger orders on the tape during the moments where the pps had stabilized or was briefly rallying than when it was trending lower.

i bought yesterday and today at the lows of the session. was i part of the sell off? no. i capitalized on an opportunity to buy some cheap shares. that is the essence of acccumulation.

to respond to your assertion that i'm guessing, my answer is no, not imo. i am using my experience to watch things not all traders know how to see.



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