re: the barber is waiting..smart bidders will sit at least a point or so below the current price, hoping for the seller to make the first move.
Hmm ... So the seller, who sends the price down, makes the first move .. for a price to go up? Unique....
Sure there will be oscillations in price intraday etc ... but to base a decision to enter or not on the total depth is, I have found, to be a waste of time and opportunities. Ive even watched shares in an uptrend, have the BUY depth show huge weakness, for the share to carry on up and within the space of 30 mins have an awesome BUY depth again. My summary, I was wasting too much time watching the depth. Sure, I watch the frist 2 lines to gauge whether I buy at market or place an order 1 tick below ... but I ignore anything beyond that.
NDO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
