Quote from Bullz n Bearz:
noo.. it's easy to see who is leading. i'm looking for info on WHEN these guys plan on buying in some big orders.. kinda like knowing before the fact.
Actually, it's not all that easy to see who's "leading"
IF you're referring to level II, 1. fill and re-load fill and re-load, show and withdraw. 2. slot machine concept of capitivation. Blinking. Pretty colors.
As for "big", matter of perspective. Blocks, are just as often as not being consulted with the specialist/market maker as to depth. Can be worked in some cases for weeks in conjunction with normal order flow.
Truly beeg orders and those that want in/out NOW just as often as not end up with a negotiated block. Ax take it off their hands with concessions.
Oh,............. and NYSE blocks between member firms don't have to appear on the tape (unless they so choose).
Program trades, as often as not, are spontaneous events. Shooting from the hip AFTER a catalyst. Often by design by the ax.
IF you're looking for some kind of edge you might consider that serious entities don't play with their cards face out. WHY would they (other than to leave an impression)?
