Friday, December 03, 2010 7:28:47 AM
I know it's early but I always like to watch how the MMs come onto L2 in the morning before the open. I know it changes all the way up to the open, but NITE is at 9s and DOMS at 11s on the ask and both on 7s on BID, possibly shaping up for a two tick spread at the open. Which tells me they want it to start climbing and they're anticipating buying on the open. We had the two tick spread yesterday afternoon as well. Soon it'll be a 3 or 5 tick spread, to discourage selling.
Could indicate orders placed and they're seeing them on their L3. Man I wish we could get that :)
GLTA,
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