Replies to post #89059 on Triple 000 and Sub-penny Chart Plays
Friday Update
Posted on June 3, 2016
LONG TERM: Neutral
MEDIUM TERM: Uptrend
SHORT TERM: lower open then reversal again, DOW -32
The market opened lower today
for the third day in a row.
It made the low for the day
in the first hour of trading,
and then rallied throughout the day
for the third day in a row.
The 2085 pivot has provided support all week
with resistance just above SPX 2100,
for a narrow 20 point range on the entire week.
We will cover what this implies
short, medium and long term in the weekend update.
Best to your weekend!
MARKET MAKER SIGNALS
Penny traders believe that Market Makers (MM)
will "signal" moves in advance buy using
small amounts of buys or sells as "signals".
The "signals" are such a small amount of shares
(worth no more than 5 or 10 dollars) that
no trader would have paid a commission that
costs more than the amount of shares bought.
The "signals" are from one MM to another.
100 - I need shares.
200 - I need shares badly, but do not take the stock down.
300 - Take the price down so I can load shares
400 - Keep trading it sideways.
500 - Gap the stock.
This gap can be either up or down,
depending on the direction of the 500 signal.
911 - Pending News
Understanding the Form T-Trade:
If a market maker wants to accumulate
a large amount of a stock in one trading day,
that market maker may actually not report
any of the trades that occurred
until the trading day has ended
so as not to alert the market to the collection.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120820833&txt2find=understanding
MARKET MAKER SIGNALS
Penny traders believe that Market Makers (MM)
will "signal" moves in advance buy using
small amounts of buys or sells as "signals".
The "signals" are such a small amount of shares
(worth no more than 5 or 10 dollars) that
no trader would have paid a commission that
costs more than the amount of shares bought.
The "signals" are from one MM to another.
100 - I need shares.
200 - I need shares badly, but do not take the stock down.
300 - Take the price down so I can load shares
400 - Keep trading it sideways.
500 - Gap the stock.
This gap can be either up or down,
depending on the direction of the 500 signal.
911 - Pending News
Understanding the Form T-Trade:
If a market maker wants to accumulate
a large amount of a stock in one trading day,
that market maker may actually not report
any of the trades that occurred
until the trading day has ended
so as not to alert the market to the collection.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120820833&txt2find=understanding
| Volume | |
| Day Range: | |
| Bid Price | |
| Ask Price | |
| Last Trade Time: |