< If so, I'll keep reporting blocks. If not, I'd like to know.>
Gary: First of all, my sincere thanks for posting the block volumes. I for one look for your block volume posts and found them very useful.
I am trying to use an integrated information approach for investing: fundamentals, technical, insider activity, buy and sell side analysis, technology edge, institutional holdings, etc.
From my experience, the later one (institutional holding) is the most important and is the final conformation of all screaming buys from all earlier indicators. There are only few ways to know this and most important is the BLOCK TRADES. Typically, you will see these block trades for 2-3 days, then little or no block trades and repeat of block trades. This allows price not to go ahead too fast, also indication of buying is still in first 60-80% of the objective. That will be followed by bold 50K and 100K blocks. It is the official invitation to the momentum guys for "upward gap" opens. My belief is, in the absence of any strong shocks, we should see this by the end of December.
I use an indicator, called Money Flow. It is based on sum of all trades with uptick or ask trades getting +ve and downtick or bid trades counted as negative. I am seeing +ve money flow for last three days, after almost a month of -ve flows into this stock. This correlates well with the block trades. Remember, money flow is a delayed indicator in that it turns positive when accumulation is gaining momentum and most of the selling is complete. Of course, this is theory and in the absence of any bad news.
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