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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: UnBelievable who wrote (28439)10/15/2000 6:38:31 PM
From: Ilaine  Read Replies (1) of 436258
 
You raised an excellent point via PM - the price of a share at opening or closing times the trading volume of that share does not tell you how much money was traded on the share for the day, because the price is constantly changing during the day.

I am trying to figure out how much real money went into or out of the broad markets as a whole over the course of a day. I started looking at this a few months ago to try to determine whether money was just sloshing back and forth between the Nasdaq and the NYSE, or was coming into or going out of the market. Since the Nasdaq is weighted, it's impossible to tell. And the weights seem to be adjusted daily.

Someone, I think it was Julius, pointed out that the Wilshire 5000 is not weighted, but that wouldn't answer the question about the sloshing.

Now I am trying to duplicate what TrimTabs does, track liquidity, since I don't feel like paying them $24K a year for the info.
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