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Re: Digger 2-0 post# 97154

Wednesday, 03/05/2014 2:35:55 PM

Wednesday, March 05, 2014 2:35:55 PM

Post# of 137702
Digger, look away from the inside Bid and Ask. How big are the bid as you go lower price? Are those levels getting thicker at those lower levels? In other words are the number of bidders at the lower levels increasing or decreasing. Then look at the Asks and see if the levels higher than the current ask is getting bigger or smaller. a glance at L2 will show you by simply looking at each coloured level price and determine if they are increasing or decreasing. Experience as a Nas trader for twenty years taught me if the lower priced levels are getting thicker, the price is going to drop.