There is no such thing as "resistance" and "support" in the market depth. There are just bids and offers at multiple levels. The rest is just a trader's interpretation. What looks like resistance to one trader is support to another trader.
Pretty informative diagram Mr Black! However, what is a minority(supply) control? Fluctuations in the orders per price level?
Minority is Limit (Supply) versus Majority Market(Demand) orders ....Limit's are in control of the Price...If Price is going Up Limit orders on Ask are in control ...If is going down Limit orders on Bid are in control...This is because Market orders will be filled at Any Price but Limit orders can be filled only on Limit or better Price
FWIW Sir The prints, Time and Sales, Tape - refer to the same thing prints - print out on the time and sales prints are the transaction (share size, price, - color coded according to a buy / sell - bid / ask) reflected on the T&S or Tape Take Care
I have started a thread a while back on this subject. Take a look. http://elitetrader.com/vb/showthread.php?s=&threadid=103293
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