Quote from: Vandroiy on January 17, 2012, 08:22:55 PM

Quote from: Holliday on January 17, 2012, 08:16:24 PM

Anyone using the order book to make decisions on where the market is heading is insane. Wink

Well, generally I'd agree, but not if the order book is so shallow that liquidations might already increase volatility a lot! It's easy to manipulate an order book to the upside, so the asks are pretty meaningless. But the bids being so few is not entirely meaningless. Price may spike much more heavily if someone panic sells 20k now.

I agree, hopefully it will not happen.