tag:blogger.com,1999:blog-19794244.post-1137067834389503682006-01-12T04:09:00.000-08:002006-01-12T04:10:34.403-08:00Tape reading for timingTape reading or the reading of moment by moment transactions in a stock is widely used by traders, institutional, professional and hedgers.
It can help them seeing in real time, the current consensus for a stock.
Tape reading consists of reading order books which contain the current bests bid and ask prices and their respective sizes.
Here is an example of an order book
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