Look the basics are simple. Are the important transactions being executed near the bid or the ask. Filter out the daytraders, the pennying progs, the fake spec prints and you get more accurate on the institutional buying through the floor. But that's an outtdated model, NYSE floor is slowly dissapaiting.
If it's a buy/sell prog, you simply try to track it down by seeing how it reacts to daytrader orders that push the price against the trend. Slowly you can notice some patterns, although it's much easier on NYSE where is one main central route, vs Nasdaq.
Just look at the homebuilders right now, that's a basket sell prog, I'm surprised it even took it that long to kick in judging the numbers. Observe how it handles the up chops, obvious mook daytraders panicking, covering and bouncing.
I'm not even trading and I can probably imagine the actual price action in those stocks, LOL.
If it's a buy/sell prog, you simply try to track it down by seeing how it reacts to daytrader orders that push the price against the trend. Slowly you can notice some patterns, although it's much easier on NYSE where is one main central route, vs Nasdaq.
Just look at the homebuilders right now, that's a basket sell prog, I'm surprised it even took it that long to kick in judging the numbers. Observe how it handles the up chops, obvious mook daytraders panicking, covering and bouncing.
I'm not even trading and I can probably imagine the actual price action in those stocks, LOL.
