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Thank you FNF. The more I read this thread, the more I appreciate that what I had been led to believe was "reading the tape" was not what Maverick was talking about at all. Rather it was some brew of Wyckoff, Mamis, Neill, a pinch of Livermore and some other stuff that I'm not entirely sure...

Never mind. I figured it out or rather by reading what was said earlier in this thread I appreciate what it is that I am up against by trying to determine if the bid I just hit is someone cleaning up a short position. Thank you Maverick et al. ljy

A multi-part question for anyone who might wish to comment: When one looks at a T&S table and does not know what the best bid/best ask quotes for some moment in time are, but does have access to a 5 minute bar chart, is it possible to ascertain whether a particular entry represents a short...

I'm new to this thread and was lurking about the other day making the occasional comment but not really contributing much. I do not trade ES but do watch the futures closely as part of my trading strategy (I daytrade GOOG). I am impressed with the candor and helpful exchanges of info which I...

A quick way of saying I agree with your current bearish bias. SInce the "reading" of the beige book by the equity market luminaries, the yield on the 10 yr note is up (not much , but up).

Ditto.

Maybe they're starting early - waiting for YM.

I agree it will soon be tank time. Both SPY and QQQQ made fresh lows in the premarket which have not yet been tested. 2 PM looks like a good time for the BS to start piling up and possibly a good way to get an edge would be to watch the 5 minute $trin +/- BB for either a quick early tell or...

[Down Monday/Down Friday] x 2 -> nasty tank in 1-5 days:eek: