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Re: Identifying Short Covering: Day Traders Perspective
Excellent posts guys.
As far as I understand about prints on the tape coming out WHITE - execution occurred between the bid and the ask - it's gotta be something to do with the pit and market makers. Since the market maker's job is to make the market, when the bid and the ask are off by more than one tick - as in the ES example mentioned in this thread - he steps in and satisfies both demand and supply.
I personally ignore those prints.
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