Tuesday, July 13, 2010 3:17:18 PM
NITE< UBSS< VFIN ETMM
We don't want to drop any of them , we want to see them raise their positions.
It will take some concentrated buying to cause a further Uptick today if it is going to happen.
NITE may drop the bid occasionally but he not only always comes back, he is the one who is most likely to create an Uptick.
When MM's increase or decrease their bid or ask on sidewise trading stock it is an important factor to determine future stock price movement.
You can not simply watch the bid and ask, you have to watch how the MM's are reacting.
Unfortunately there is no upward pressure on stock price and only considerable numbers of buys will put pressure there.
eye
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