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S&P 500
5,564.41
(
1.08%
)
US TECH 100
19,282.40
(
1.44%
)
Dow Jones
40,421.36
(
0.33%
)
Brent Oil
81.61
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-0.81%
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$to©k_Pi©ker™

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$to©k_Pi©ker™

Re: Prudent Capitalist post# 2568

Friday, 10/29/2010 2:12:11 PM

Friday, October 29, 2010 2:12:11 PM

Post# of 6280
I think the L2 ask is 'fake'. I have been watching the market depth combined with time/sales feed, and for example, the market depth will show say 100k at the ask (lets use at ask of 3.00 for example) and then 10k - 15k of actual trades will go through, and 3.00 will get broken through and that huge block all the sudden will appear at 3.01 instead.

There is very, very little doubt that this is being toyed with and resistance levels and support levels are fake as hell.

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