MCD Huge Bar, Big Volume

[Shanghai 10]

Hello, today I witnessed realtime the trading of this huge bar with big volume in MCD. What amazed me was how quickly those 578k shares were sold. So, I have some doubts:

 

-in case someone enrouted that order (it was quite automatic), how come there were so many orders waiting there? 578k volume orders just waiting 50 cents below bid?

-or is it possible that new orders went in very fast to take that sale?

-the guy who enrouted the shares, how can he know how many orders and volume are down there? I also have level II but I don't see anything 5cents below, have no idea what volume is down there...

 

By the way, I like how that huge bar establised max and low for the rest of the session. I was able to recover because of that :missy:

 

Thanks.

 

[joshdance 10]

Hello, today I witnessed realtime the trading of this huge bar with big volume in MCD. What amazed me was how quickly those 578k shares were sold. So, I have some doubts:

 

-in case someone enrouted that order (it was quite automatic), how come there were so many orders waiting there? 578k volume orders just waiting 50 cents below bid?

-or is it possible that new orders went in very fast to take that sale?

-the guy who enrouted the shares, how can he know how many orders and volume are down there? I also have level II but I don't see anything 5cents below, have no idea what volume is down there...

 

By the way, I like how that huge bar establised max and low for the rest of the session. I was able to recover because of that :missy:

 

Thanks.

 

 

Not only were 578K orders sold, as you say, but they were also bought

 

As for who did it, who knew what, etc., I have no idea and nor does anyone else. But a quick profile of that drop shows that the bulk of the volume actually took place at 90.00.

[Shanghai 10]

..a quick profile of that drop shows that the bulk of the volume actually took place at 90.00.

It's true, most part of that volume was traded 89.90-90.00 aprox. How did the quick profile told you that?

[SunTrader 10]

Maybe the buyer was only willing to purchase once price dropped into gap area open from last October :hmmmm: :