This holiday light volume could be perfect for a collapse in SLW under 19. Taking a stab here against long SLW and short silver for the week. Need to get this thing to break that 19.20 area and move down quickly to under 18. With silver up and SLW down, there is a real seller having trouble with the light volume to get a good price. He may have to accept much lower prices to find a bid, lets see.
Kaz, When I look at level II quotes, I do not see a huge imbalance and on the sell side orders are generally less than 2000 shares with a couple running up to just less than 5000 shares. What am I missing for the large seller? Am I looking in the wrong place?
He would not advertise on level 2 if he had a lot to sell, you see it when silver is stronger and SLW is met with selling pressure all day. Most programs will use an iceberg approach where all you see is a refreshed amount of small sell orders. You could have 100k to sell and only show 500 shares that refreshes back to 500 every time it is filled.