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Message: Re: A Rally.... probably not, see L2 for details
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Dec 17, 2010 09:51AM
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Dec 17, 2010 09:56AM
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Dec 17, 2010 09:59AM
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Dec 17, 2010 10:04AM
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Dec 17, 2010 10:07AM

Said this before - I see people posting over and over again about the need for support on the bid side for a rally to be a positive sign - this is so untrue. Most daytraders don't care much about bids and asks unless they're in it for the pennies. In fact, I've always been taught that the opposite is true: a full bid book is often a bearish sign rather than a bullish sign. In a real bullish rally, buyers often put in the ask price to ensure that they will get the shares they are looking for.

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