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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: Runomo™ who wrote (41249)7/12/2009 12:25:03 PM
From: dvdw©  Read Replies (1) | Respond to of 207311
 
same market as 2000? No because the structure of the market has changed.
1-Mar # of companies trading 4947
total Volume 44,682,703,641 22 days in the month
Block Vol 15,240,913,856
# of trades 54,601,890
# of Block Trades 603,487

Last thursday 1 trading day July 09

8-Jul 2999 Near record low since 3-2000.
Total Vol2,110,543,143
Block Vol 323,100,353
Total trades 8,612,159
Block Trades 11,084

obvious differences
1. Totl. Companies no longer trading 1948
2. Number of Trades daily went from an avg of 2 mill 400k
to over 8 million, and 8 million is below avg for the year 09 to date.....

why cant the market systems serve themselves with the market going up?

They can and have, the duration determined ultimately by available supply.....

more trading, fewer companies, less market float reduces to contrivance. with prices being adjudicated by factors other than owners of stock transacting shares in a free market.

my opinion about direction is from market characterization studies...just an opinion, cast within a framework....that includes the above data.

add in this sample company data
sample;
Company Details
Total Shares Out Standing (millions): 28

Market Capitalization ($ millions): $524

Institutional Ownership: 107.5%

company went through an IPO Process that legally authorized sale of 28 million shares....and yet...

many more millions than 28 are registered and trading....