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Message: Support prices

Support prices

posted on Apr 11, 2008 08:29AM

This is from Swissquote - their intraday feed which Im told is unadulterated Reuters data feed

http://www.4freeimagehost.com/show.p...

This screen illustrates prices paid. (Per Swissquote).

you have to run the cursor over the page to acquire actual data from the trades, there are some illustrated as trades with no volume, which I suspect are market maker transfers, or trades that pinpoint moving trading levels regardless of whether real transactions take place or not

Some comments on a small amount of the more striking data...

61k shares bought at 1.79 selling 1.77

1,600 shares sold at 1.73

long green spike at 11.16 no volume

long green spike at 14.47 no volume

39600 shares bought at 13.10

red spike ..timed 12.08 at 1.72 was no volume

In the middle of all of this we have average Jo, who doesnt necessarily understand that the low prices are for sellers, or that some of these spikes are no volume and often the buy prices can be 3 cents (or more) higher depending on price and the daily trading range of the stock.

There is buying support in this range that appears to be stronger than selling, (green over red), why the market is falling is maybe due to the release of trading stops which are set up as computerised sell orders, or some form of leverage from the commodities or futures markets. They can do all sorts of things with algorithms these days. Who knows.


Apr 11, 2008 08:38AM

Apr 11, 2008 08:53AM
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