Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : TA Science Projects & Experimental Indicators -- Ignore unavailable to you. Want to Upgrade?

To: ftth who wrote (94)	3/19/1998 11:12:00 PM
From: ftth	Respond to of 237

[CORRECTION to previous post] In the following: ...a better indicator of future price direction than intraday A-D or price swing data.. --- replace "intraday A-D" with "daily A-D." The intraday accumulation/distribution from watching level 2 trades is what shows the discrepancy in the daily A-D. dh

To: ftth who wrote (94)	3/20/1998 1:56:00 PM
From: ftth	Read Replies (1) \| Respond to of 237

[CORRECTION #2] Not such a perfect example after all. I misunderstood (or maybe heard what I wanted to hear) regarding the large blocks yesterday. There was a 488k block, 2 100k blocks, and several other 20-50k blocks bought at bid into inventory. I think I only (wanted to) hear the "bought" part, but these were actually sales at $19 from the market participant's perspective. About 3/4 of these were immediately flipped at 19 1/4 (a 280k block, a 150k block, and a 100k block). This trade was pre-organized, but because of the way volume is counted on the NAZ (once for the buy at bid, once for the sale at ask from the MM's perspective), this flip counted toward roughly 1.2 million shares in the total volume figure, rather than the 600k shares it would have counted as in an auction market. Perhaps this was the reason for the upside resistance/brick wall (if it has been known for some time that a large seller wanted to bail, and they have been waiting for matching large buyers). Possible that clearing out this overhead resistance greatly reduces the upside barriers. We'll see at the next test of the highs, when the ascending-triangle-wanna_be upper boundary is tested. dh