I reviewed Maverick74's posts in a conversation about tape reading last night with Shortseller and tried some of his ideas today while trading. I did not have much success, and had my worst losing day ever. ;-) Not Maverick's fault. I just was experimenting and had a tough time making money. Today wasn't a great day though, so I am not sure how conclusive my results are, but here we go: I agree with Maverick's ideas because I've seen them in action myself. However, taking advantage of every play is difficult. I have some observations that I'd like to discuss with some more experienced people on ET. What I got confused with this morning was this: Sometimes there is "cross-talk". There could be a buyer AND a seller in a sort of noisy range. There'll be size of sorts on both sides. So, there could be a run up, for example, with the bid stepping up. The bid steps up to a point where there is a stale offer. Now, here's what I don't understand: If the offer is stale while the bid is stepping up, sometimes sellers do start to jump in front of the size, and then start stepping down the offer. I'm kind of wondering just when to take these stale offers or bids seriously. Do I never take them seriously? Or, I guess, when I see these bids stepping up to a stale offer where people start selling, do I flag this as a sort of "key level" and a resistance point? Do I wait for the actual momentum to shift before entering? Do I only trade when I see actual momentum? Because it does seem like somewhat of an artform to be pre-emptive on taking shares. In some cases, by the time momentum has been identified, the shares will have evaporated. Maverick74, I don't know if you're reading this, but I've been reviewing the tape and I am kind of wondering how you ever got the point where you knew exactly how many shares the seller had to offload. If you've got a moment, take a look at DNA on 11/03/05 at the morning spike on the way up and down. I had a pretty tough time that day trying to figure out when the seller was done. He just seemed to magically pop in over and over while grinding the price all the way down to $92.40. When the seller showed size on the offer, and the offer was lifted, he'd let the price run up a little further and then start the process all over again while stepping down the bid. This wasn't the first time I've been caught off guard by this. But I'm not sure how I would've identified just how many shares the seller had to offload. If I had that kind of insight, I imagine I would have done much better on that day. On a mid-volume day, it's usually safe to assume that size on the offer getting lifted means the price will go up.