Posted On: 10/13/2016 9:38:49 AM
Post# of 75076
Re: Tombstone3821 #26800
I like seeing a big wall on the ask.....
I am a contrarian at heart....always have been, tell me to run and I walk, tell me to sit down and I stand up.
When I see a big wall on the ask it strikes me that someone (or someones) is trying to put the brakes on. If they really wanted to sell, then it would make more sense to use an iceberg order and not tip your hand.
The market is a battle ground, and the art of war is deception. When the big players want to buy they try and make it look like they're selling, and vice versa.
I am a contrarian at heart....always have been, tell me to run and I walk, tell me to sit down and I stand up.
When I see a big wall on the ask it strikes me that someone (or someones) is trying to put the brakes on. If they really wanted to sell, then it would make more sense to use an iceberg order and not tip your hand.
The market is a battle ground, and the art of war is deception. When the big players want to buy they try and make it look like they're selling, and vice versa.
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