Re: TDWaterhouse
in response to
by
posted on
Oct 02, 2012 02:10PM
First of all, I'd like to apologize to both the members of this board and TD AMERITRADE for using "TD Waterhouse". Habits die hard. They tend to harden with age just like arteries. :>):>)
L2 is a decent indicator of bias in the attitudes of traders. At the present time there are a limited number of entries on EDIG's L2. Hopefully one day that will change. If you were to observe TD's L2, you'd see some outrageous entries on both the bid and the ask On the bid, there are "reasonable" numbers ranging from .078 thru .06. The last two are .015 and .0001. On the ask, the "reasonable" numbers range from .079 thru .088. The last four are .55 thru 2000.04 (exciting to contemplate but, unfortunately, in nan-nee noo-noo land) :>)
Excluding the unreal, the current volume ratio is about 8:5, favoring the ask. For now, the buy pressure has abated.