Scottrade was showing KRY at 1000+% velocity now 384% so definitly loosing steam......... (How Fast is the ratio of buy orders to sell orders are coming in). Usually 1000+ means nothing is going to happen because all the bids creating the velocity and bid ratio are well below the ask (or the ask is well above the bid). But I would rather have that 10:0 buy than a 0:10 sell ratio, that's for sure...........
You know theyre doing a good job flusterbusting investors when the ratio says sell but the longer trend PPS keeps going up..........
From what I seen a 7:3 to 9:1 buy ratio usually produces the best results for a typical stock price increase and a velocity % below 1000+ down to 200%. we had a 1000+ velocity w/ 10:0 buy, now it's reversed, go figure.
It's just another tool. Bids placed way under / over for huge amounts of shares (like 100K shares @ .001 or 10.00) to mess this tool all up. You only have to look at the level II to see this. It seems the MMs know about all these charts/tools and mess with them.
Stu- Someone is happy to sell @.43? I wish people I did not already know were doing some buying.