tape reading question

Discussion in 'Trading' started by xxxskier, Jan 5, 2006.

  1. xxxskier

    xxxskier Guest

    I'm trying to learn tape reading......so here's a question from a novice:

    I read somwehere that if you see another trader that sells the bid, and as a result the bid price does not become the ask price, this signals increased demand.

    I thought the bid becoming the ask would signal demand because it would increase price? I hope someone can please straighten me out.
  2. Might be someone covering their long position. You have to pay attention to the volume.