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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: John Hunt who wrote (8901)11/21/1997 4:36:00 PM
From: vegetarian  Respond to of 18056
 
>>I think it is just the excess of shares bid over shares asked (or vice-versa) at the close.<<

So are all those buy imbalances showing a bullish sign?



To: John Hunt who wrote (8901)11/21/1997 4:37:00 PM
From: Tommaso  Read Replies (2) | Respond to of 18056
 
But does it mean there is pent-up pressure either for buying or selling? Maybe that would not be so important over a weekend, but together with the flash quotes on the S&P and the foreign markets it could be another next-day indicator, couldn't it? Or do I misunderstand?



To: John Hunt who wrote (8901)11/21/1997 5:35:00 PM
From: Zeev Hed  Respond to of 18056
 
John: I think these imbalances are related to the need to balance books after the expiration, possibly delivery of shares over the weekend.

Zeev



To: John Hunt who wrote (8901)11/21/1997 6:47:00 PM
From: Rational  Read Replies (1) | Respond to of 18056
 
John:

The imbalances do not mean much because prices are not given. When the prices dipped sufficuently, many may have placed bids at their lowest prices and did not get the orders filled.

Sankar