"Air pocket is a term they love in Chicago to refer to when no offsetting orders turn up for another couple points. The opposite would be if there were bids, but sellers overwhelmed them, chewing through more and more every tick along the way. Really, it is all air pockets lately, and instead of leaning on orders in the pit, locals lean on the cash ticker, and come in when the premium gets low enough out of line."


I'm confused by what you say. Please correct me If I'm wrong. Someone bids, but there are no takers except for two hundred points higher?


Also, you say "instead of leaning on orders in the pit, locals lean on the cash ticker."


I don't understand what you mean by "leaning" and by the "cash ticker."


Thanks, for any explanation.


TomT