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Non-Tech : Quote.com QCharts
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To: paulr1 who wrote (7682)5/19/2000 3:26:00 PM
From: wayne  Read Replies (1) of 17977
 
>Trades at the ask are the "advancing" trades; trades at the bid are "declining" trades. So, when traders, on average are paying up for a stock, QTRIN will be above 1. When they are dumping it QTRIN will go below 1.<

I do not believe this idea is accurate (true?). The concept has previously been discussed in reply #6770 and 6771. From #6770 is the following:

"A market order to sell is executed at the bid and a limit order to buy is also executed at the bid (and vise versa at the ask). The T&S does not tell if the trade went at the bid or ask. We can know which it went at, by comparing to the bid and ask. But we, at our computers, do not know if it was a market order or a limit order. That is, was the trade a sell or a buy order? Only the (acting) MM (be it you or someone on the floor) knows this. So, if I am right, trades at bid do not (necessarily) indicate selling pressure and at ask buying pressure."

See #6671 for more info.

wayne
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