Forum Archive Index - February 2002

["second LIFE" <secondstep70@hotmail.com>]

Phaedrus,

I agree with Andrew's and your analysis of the stock, but I find your 
analysis of market depth interesting. Is it a topic discussed by Tech 
Analyst's? I note the actual value of the depth is quite small compared to 
the volume. Does this make the data irrelevant?

Is there any corellation between market depth and bull/bear behavior? I 
think there probably is, but I haven't really found any significant 
publications done on it. I've also done some of my own research, but by it 
doesn't seem to mean to much when analysed by itself (especially on big 
stocks). Maybe volume/trend analsysis needs to be added to the formula.

Also, getting historical end of day depth data seems to be unavailable. Does 
anybody know where you can get this? I'm also interested in getting VWAP and 
number of trades historical data for ASX.

Disc: hold no BPC

>From: Phaedrus <Phaedrus@techemail.com>
>Reply-To: sharechat@sharechat.co.nz
>To: Sharechat@sharechat.co.nz
>Subject: [sharechat] BPC
>Date: Wed, 6 Feb 2002 18:50:12 -0800 (PST)
>
>Andrew,
>        Some further observations on BPC, particularly with regard to 
>market depth :- (All figures approximate, as per snapshot below)
>  There is a very large total Bid/Offer imbalance. Buyers are wanting over 
>7 million shares, with less than a million on offer - a ratio of over 7:1.
>  The average Buyer is wanting 37,000 shares ($23,000), the average seller 
>has 18,000 ($11,000). The punters wanting In are much bigger than the 
>punters wanting Out.
>  The volume (at only halfway through the trading day) is more than double 
>the average daily total.
>  60 cents was a well established resistance level. Breaking it would be a 
>significant event. Screen-shot, and chart below.
>
>                 Phaedrus.
>
>
>
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><< BPCdepth.gif >>
><< Bpc.gif >>
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