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Re: jimmyjam918 post# 3529

Thursday, 09/22/2011 4:52:12 PM

Thursday, September 22, 2011 4:52:12 PM

Post# of 100238
IMO if you watched what was going on L2 MMs were working the ask down looking for shares, most went off at the ask obviously. After yesterday where MMs supported a nice run up you have to figure they're looking to reload in the following days. As you saw today they kept the spread nice and open and were undercutting the ask to invoke some downward movement. No biggie.