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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: George Dawson who wrote (22625)	6/13/1999 3:08:00 PM
From: Ocean_Joe	Respond to of 29386

George, I hope others address your question (Donald Sew hopefully) about how accumulation is identified and quantified - my limited two cents is that the tell tale factors of accumulation are twofold: 1) Large blocks on the buy more often than on the sell, as in a stock was formerly well distributed among the many, traded among the many, and now then becomes sought after by (at first) a few, usually trying to fill large blocks, whether openly or via disguise; 2) Significant net MM buying at or above the support levels for a given time horizon. That time horizon can span a day, days, week, or even weeks. There must be (if not is) some sophisticated program that matches MM buys and quantities to determine at the end of a day / week / etc whether that MM is a net Buyer (accumulator) or Seller (distributor)or is just churning in the trading channel - the first being a sign to Buy since the MM believes a price rise is imminent and is thus a net Buyer or, as in the second, the MM believes the price is about to drop and is thus a net Seller, or as in the third, supply and demand are basically balanced and price has stabilized. Accumulation is not limited to MM's and can certainly be exhibited by retail Buyers, either disguised by a friendly MM or out in plain sight. If anyone knows of such a program or site to identify and quantify same, please so post. Ocean_Joe