Fake ASK Walls psychological effect FYI . . .
Post# of 82672
These games are usually played on low volume days, the real or fake walls are to encourage selling to drive the PPS down.
Fake BIG ASK ORDERS in millions – One of the best ways to mess with the psychology of the ... traders is to show big ASK orders on a level 2 screen. aka Fake Wall
Big millions if share orders on the bid make it seem like there is a large demand (people buying and expectation is the PPS will rise) . . .,
where there is a market maker showing 5 million shares for Ask WALL ... The large order may not even get filled at all, however, its presence alone has an effect that traders want to sell the stock. the PPS will be going down.
Psychological effect on traders is to discourage buying it's not going up , why buy when everyone else is selling.
When in fact the ASK wall may be fake (if large buys hit it , it disappears because they really don't want to sell that much, but even if real. It's a mind game. The fake or real wall is to encourage selling to drive the PPS down.
that's what the 2.2 mil on the asl is there for