|
PureBytes Links
Trading Reference Links
|
Guys:
Anyone know of a website that shows that curbs are in place the minute it
goes to limit ask?
Don
----- Original Message -----
From: "John Clemens" <jbclem@xxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Monday, April 23, 2001 4:30 PM
Subject: Bid and Ask Size at a bottom?
At 12:09 PST, the ES1M was retesting a local bottom tested 3 times about 40
minutes previously. I was watching the bid and ask size closely(1st time
I'd done this) and saw this interesting situation: the bid and ask prices
stayed at 1224.00 for a good part of a 5 minute period, the bid price
especially did not budge from 1224.00. At the same time the ask size, which
usually jumps around between 1 and 50-100, stayed in the 400 range for the
entire period. The bid size was in its low range, 1 to 50-100(don't hold me
to these numbers but they are faily accurate). I'm using BMI satellite for
data.
Logically, with such a large number of sellers for such a period, I was
expecting to see the bid price dip below the 1224.00 level as someone tried
to entice a lower price, but it didn't happen. 1224.00 was written in stone
and after the 4-5 minutes the market moved up a bit and then came down and
tested 1224.00 again.
Would someone like to comment on this? Is the bid and ask size unreliable,
or am I misunderstanding this situation.
John
|