I'm an intraday trader and part of my strategy involves being able to read the order flow. I noticed a large jump in the size of bids and offers in the DOM today. Is there any reason behind this? In the past few months, it has been approximately 800 x 800. Today it was more along the lines of 1200 x 1200. Thanks much in advance for any insight
JMHO of course, but DOM works best for very short term only. At these levels, expect bull / bear battles to heat up more than usual. Keep in mind where we are on a bit longer time frame - top of range. Extremes (top and bottoms) seem to attract more interest.......nature of the biz as well as a heads up. Again - -JMHO. Steve