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Strategies & Market Trends : Waiting for the big Kahuna

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To: Joss who wrote (35314)12/16/1998 12:12:00 AM
From: Vitas  Read Replies (1) of 94695
 
Steve, >>> I have still found no source for the exact rules for declaring a TICK...ie. if a block is for sale and must be filled with a bunch of smaller orders, then, does the sale count as one or many with regard to the tick? <<<

Size of the trade does not matter, because volume doesn't matter
in the calculation: if a trade, no matter what size, trades at a PRICE that is higher than the previous trade for that stock, it is an uptick,
and if it trades at a lower price it is a downtick. Price is the key, not volume.

If a block is for sale and it is filled with smaller orders, each smaller trade gets reported separately.

Volume plays a big part in the trin/Arms index.

Vitas
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