Level Two
Before, I posted that there were 15 MMs above .025 - there are now 15 MMs above .0275 -
The cushion between .03 and .035 is fluctuating right now, like a lava lamp.
It is, after all, afternoon lull time. I was expecting a drop here, but it ain't happening.
Everytime it looks like selling might be happening, new MMs show up, like crocodiles at the bottom of a waterfall in a Bernard and Bianca cartoon.
Right now, SACM showed up as the ASK dropped to .031 - he was alone there for a while, but then NITE joined him.
SCHB continues to be in the top three buyers and has been there for a few weeks now. He is either covering or accumulating, or both.
Right now MMs are 8 deep at the BID to .03 and 9 deep at the ASK to .035 - looks like a huddle to me. Same thing happened at .022 to .023 - same MMs ath the ASH and BID, basically trading among themselves and blocking out the outside world until they decided which way to go. They are in conference now.
All my opinion, of course,
Prof
p.s. MMs depth just changed from 8x9 to 9x8 - lava lamp!
p.p.s. - GNET just showed up as a buyer - last time, they ran him up to HOD - let's watch this time!
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