medium · Volume Spread Analysis background-trend-context

A market-maker sees large sell orders on the books and expects lower prices. When they receive a retail buy order, they fill it at a 'good' price, causing a narrow spread on an up-day.

What is this action?

  1. Creating a shake-out to accumulate more stock
  2. Transferring stock to weak holders before a markdown
  3. Absorbing supply to begin a fresh accumulation phase
  4. Supporting the market to encourage a coming mark-up

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