a move to undercut the previous low by a small amount to collect
all orders that would be selling there and to add to an already
established buy position of the market maker. It's part of a market
maker's business model. They need a day or two to collect orders
from the opposite side before they have enough to start a move in
the opposite direction. Today is one such day, in my opinion.
What is a stop runnull?
IWM is VERY close to being a GREAT trade from long side. Nice weekend to all.
Posted by rbreese on 9th of May 2014 at 03:20 pm
What is a stop runnull?
Title: a stop run a move
Posted by junkie on 9th of May 2014 at 03:26 pm
a move to undercut the previous low by a small amount to collect all orders that would be selling there and to add to an already established buy position of the market maker. It's part of a market maker's business model. They need a day or two to collect orders from the opposite side before they have enough to start a move in the opposite direction. Today is one such day, in my opinion.
so do you mean up
Posted by shopper on 9th of May 2014 at 03:28 pm
so do you mean up from here?
Title: notice that today's low
Posted by junkie on 9th of May 2014 at 03:36 pm
http://stockcharts.com/h-sc/ui?s=$RUT&p=D&yr=0&mn=7&dy=0&id=p02404769190&a=125481557&listNum=61
I bet that the lows from April will be undercut and possibly lows from February retested to form a bear trap.
Yes and THX for your
Posted by rbreese on 9th of May 2014 at 03:39 pm
Yes and THX for your thoughts.
After the weak holders that
Posted by rbreese on 9th of May 2014 at 03:34 pm
After the weak holders that bought recently are washed out. Easily up 3 to 5 % that would play into Steve's ending diagonal to the upside.
yes, it is the same
Posted by junkie on 9th of May 2014 at 03:38 pm
yes, it is the same principle but applied at the sell side. It would be a shop run on the short holders, a bull trap.
I agree to wash out
Posted by rbreese on 9th of May 2014 at 03:28 pm
I agree to wash out weak holders.