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Re: Gytheon post# 667

Thursday, 02/26/2004 2:01:25 PM

Thursday, February 26, 2004 2:01:25 PM

Post# of 10063
Gy, not only that we don't know institutional activity, but they know precisely about us REAL TIME.

We're up against a huge power in all aspects. We'll never beat them. I'm happy to get some fallen crumbs from their feast LOL.

One way to try and guess their activity is to watch the volume and match it to the price action. They know this, so they'll try and fake this too. To get a more accurate read you'll have to monitor hourly intraday and see where the big volume went - to sell or the buy side. THEN you mark the day as a sell (dump) or buy (accumulation) activity.

There are some services that do something like that for you for a fee. I don't remember who. As I recall they will give you a report on volume based on ticks. How much volume was on uptick vs downtick.

Usually big volume should be regarded as institutional activity IMO.


cheers



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