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Or you may see just the opposite movement. If the bids are disappearingno one wants to buy, and you see more and more shares available on the offer (for sale) at lower and lower prices. Isn't it clear that the price of that stock is declining? More shares available equals more supply, and prices should drop accordingly. |
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The visual clues on the level II screen are even simpler to read once you learn how to read the "rotation" on the screen: |
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You have just pulled up a level II screen for MSFT. One is shown in Figure 11.5. |
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Whenever you pull up a new screena startit is in a neutral position. You are watching to see how the stock moves from this point. |
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Figure 11.5
Start of Rotation in Level II Screen |
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