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Wednesday, November 20, 2013 8:49:40 PM
Today all of the pressure was brought by three MM and they were not retail by trade..they are institutional MM's They controlled the BID and the ASK and forced the selling.
When you see any MM put a million shares on the ASK that mean he is trying to force the action to the BID...it tells a seller that he has no chance of getting his shared sold at the ASK since there are already a million shares sitting there... so he says F it and simply sells them at the BID along with the major seller who is already disbursed all his shares up and down the bid.
If anyone watched level two at the end of the day you could see how .0021 down to .0017 was stacked in favor of bid selling... once we see the retail MM's take back control of the Bid and Ask we will know that this selling is over. IMO of coarse.
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