Total Buy and Sell Quantity

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  #1  
Old 29th November 2007, 06:08 PM
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milind is on a distinguished road
Default Total Buy and Sell Quantity



Hi,

I am relatively new to day trading - started into it couple of weeks ago, miserable, and about to give up. I am figuring that longer term investing is what I am good at and I should stick to it.

Anyhow, one question. Has anyone found any use of total buy quantity and total sell quantity in predicting the stock behavior during the day? Few observations I have are
- Absolute values don't matter much. Sometimes a stock with bigger buy quantity than sell shows uptrend. Most of the stocks however have sell quantity larger than buy quantity
- Changes in buy and sell quantities seem to indicate a move in corresponding direction
- Some stocks show short term surge in buy quantity followed by price action. But the price degrades after the buy quantities recede to average levels

Any comments?

-- Milind

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  #2  
Old 30th November 2007, 12:45 PM
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ashokg is on a distinguished road
Default Re: Total Buy and Sell Quantity

First of all I do not understand why the two quantities are different at all ??
Can anyone clarify ??

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  #3  
Old 30th November 2007, 03:07 PM
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milind is on a distinguished road
Default Re: Total Buy and Sell Quantity

Those numbers indicate PENDING buy and sell orders, which will be different. Its NOT the buy and sell trades already executed.

-- Milind

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  #4  
Old 30th November 2007, 06:07 PM
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rkkarnani is on a distinguished road
Default Re: Total Buy and Sell Quantity

Quote:
Originally Posted by milind View Post
Those numbers indicate PENDING buy and sell orders, which will be different. Its NOT the buy and sell trades already executed.

-- Milind
Does the total quantity show the 'hidden' quantity!!!

Hidden quantity=Quantity not disclosed ( I place an order to sell 1000 Tisco but display only 100, a person can hide upto 90% of the quantity, i.e. has to disclose atleast 10% quantity one wishes to SELL or for that matter BUY)
My personal opinion and its that of a layman...: Total buy and sell qty. do not matter!!!
Now a days softwares are available that can analyse the tick by tick data and give results of Volumes attained on an UP tick and Down tick... may be this data can be used for finding a direction.
Regards
R K Karnani

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  #5  
Old 27th December 2007, 05:57 PM
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sksarvarya is on a distinguished road
Default Re: Total Buy and Sell Quantity

Hi RKK,
can u tell me the names of the softwares which u r talking about & source of getting these softwares?

Thanks in adv.

Regards,
Sumit

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