Consolidated and updated Feed back in 3 parts to the SEC Proposed anti fraud provisions must begin here; This may be the most important post; it won't be clear immediately, but the story between the dates will unfold according to rules.
When I came here I understood the meaning of A markets Float is the Sum of its parts, depicted at any given time by the total legal authorized Free Float.
As you know; I've always maintained that All action happens against the Float. This remains an undeniable fact.
Going forward we'll use this data in variable context replies, in each consecutive post, I will be replying to this post.
The story begins in March 2000
March 2000 had 22 trading days.
There were 4947 companies trading stock in the Nazdaq during March 2000.
Total Monthly exchange volume was 44,682,703,641
The Total Volume was done using trades 54,601,890
Of The volume Block Vol was 15,240,913,856
The block Volume was taken with block trades 603,487
Move forward to March 2008 reporting 19 days of trading.
(only 20 days in Month due to Early Easter)
Avg # of Companies trading; 3259
After 19 Days Total Volume has been 44,005,164,907
After 19 days Total Trades used 163,976,746
After 19 days Total Block Vol has been 5,142,483,554
After 19 Days Total Block trades used 151,583
Before I offer more, everyone might think about these above data sets......your thoughts, are welcome at my yahoo mail.
Take as much time as you need. But do think about the math of the market, from every possible parameter.
The data depict the physical manifestations of intent, as expressed by the movement of the physical. the sum of the fabric is the data, but the sums are all about relationships between varying conditions. Identifying what conditions changed, how they changed, and who changed them, are all contributory elements of the relationships between price and volume.
Participation is tied to what? As the data themselves are generated, the sum of any days trade accumulates, by itself, any single piece can be valuable to the story of the relationships between the parts. In isolation, the same data can appear to mean absolutely nothing.
Relationships, once participation occurs, become intertwined to intent. All Action happens in the Passing of time.
The two periods depicted must be understood with respect to what Changes across the contributory factors.
Because we can know, that components of the gross complex data, within each time period, changed; gross participation, price, fabric, all factors subject to nuances but held completely to the sum data. Time separates the gross data sets. Time contains the all differences between the price highs and lows.
We must also acknowledge the data sets are incomplete, asking what is the missing information?
Is it primarily about changes in participation? Quantity? Value? Or any of a hundred other things not yet imagined?
The data of any day contains sums, but meaning is derived from understanding as snapshots, of all participants extrapolated paths. Divided by the variables associated with constituent parts by level of participation.
Ultimately, the daily data accumulate against the physical limitation of supply.
The broker dealers facilitating transactions, are really no different than the distributor whose purpose is to allocate supply of any physical commodity, across gross demand of disparate participants. Movement of the physical within the contexts of the instructions of distributive interests compounded by the relationships of financing.
Alternative paths of facilitation open and close with respect to the period Time.
Identification; is about relationships, with respect to the sum reported data, expanded or contracted, by participation, manner and methods of facilitation, and any missing information.
All Action happens in the passing of time against the relative float constant. Your SEC systems need to be amended to reflect the Float relative constant of every public security......until you do this, your blowing smoke up everyones ass, because it is the laws governing issuance, that all subsequent trading is derived. No law or rule can circumvent this fact.
you already know that approx 41% of the markets float is owned by Pension/retirement funds? And you know that approximately 34 % of the markets float is owned by mutual funds? So, 75% of the markets float is claimed by the above categories of owners....Those shares are not participating in the daily market by some % above 90%.
This leaves 25% of the markets gross float, as random ownership spread across individual Investors, hedge Funds, small business, and company equity ownership, traders, and insiders. This is a pittance of gross supply, and price is subject to the maintenence applied facilitating ends which are a complete fabrication of the net balance of ownership.
Accumulated short interest legal or not accumulates without any response to new demand.
What disconnect exists in the above depicted data?
This my friends, is a huge disconnect, its the difference between fantasy and reality. The data do not compute. they equal a sum larger than the legal authorized shares, issued by the market complex.
This brings us to the source of the disconnect.
Overbought and Oversold.......these terms encapsulate the markets continuing operations and the fundamental fraud that occurs everyday against, individual investors, the source of this threads avocation. Overbought and Oversold are in and of themselves artificial constructs, used as proxy, for Supply and Demand, thereby denying a Market Price to any stock in favor of systemic prices as artifacts.
I would welcome anyone to submit any clarification to my above offered description which targets Overbought and Oversold as the primary method of operation, by which broker dealer and trade interests, conduct thier daily operations against the legal float of the market. |
