My take for what is worth is level 2 looks very healthy and those in the know are getting in while things consolidate prior to news and the big push north. I must admit it drives me crazy seeing NITE on both the bid and ask but hey...what else is new...LOL
"Unfortunately too many investors can not see over the the tree in front of them to see the forest behind. Also why you get huge swings in securities versus logical moves to news....huge spikes and sell offs"
Unfortunate for them, fortunate for people like us:).