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?? As some of you know I have been "back testing with Level two data". I am
trying to picture in my mind what a Level two screen would look like when a
Turning point starts to come into the market. Here is what I have noticed
the Spread between MMId's narrows as a stock run one way or another, The
Spread widens out as the move up or down stops.If a turn is going to take
place again the spread will narrow a again. (By spread I mean the over all
spread of all active MMid's).
Anyone have any comments of the Logic of this statement.
I am also looking at the depth of the bid at a turning point.
Any thoughts
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