Buying and Selling Volumes

Could be a bit optimistic calling the most recent volume spike buying volume, time will tell.

CFD said:

Could be a bit optimistic calling the most recent volume spike buying volume, time will tell.

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CFD.
The give away is the next day.
If it was selling you would have supply.
With supply you'd have either a down day or a squat day with volume.
The next day we have low volume and a wide range day. That just wouldnt happen if there was supply around.Todays strong volume on a good range tends to back up the case for confidence.
There are many more examples on the same chart Ive just highlighted those which are most prominent.
If you have a look closely youll see quite a few examples.
Now looking to how strong any sell off is on down bars will give a guide to conviction of buyers.
As for how the market will play out in the next few weeks 6550 is where supply dried up and buying took over.

julles said:

To Catipillar

Sanford Securites provides a Todays trades area, that is accessable throughout the day and at the end of the day.

Beside each trade is a SSN number, I use this to see if it's the same buyer or seller all the time, you can spot accumulation or dumping easily.

16:10 no. 374,494 price 29.5 amount 9,400 Same buyer
16:10 no. 374,493 price 29.5 amount 25,000 Same buyer

15:49 no. 354,496 29 17,500 different buyer
15:47 no. 350,715 29 5,698 different buyer

hope this helps

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Hello Julles,
Is the SSN number on Sanford securities the same for all your trades? every day? Also is SSN number available on the free account?
Pat.

Thanks for the reply tech/a.

tech/a said:

~~
With supply you'd have either a down day or a squat day with volume. ~~

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That's what I thought the last day with the volume spike was, a wide down bar closing near day's low, well below previous days lows, with very/ultra high volume. The response we would look for is supply. As you pointed out we did not get that response.

But can you then say it was buying volume because supply was not confirmed?

CFD said:

..... the number of people who bought and the number who sold would always be the same, as you need one of each for every transaction.

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That's true about the ACTUAL numbers of buyers and sellers being equal,
but the SENTIMENT towards ANY market is shown in the PRICE ACTION
... and if the sellers are willing to accept continually lower prices, then
the bias in market sentiment IS TOWARDS the sellers.

Likewise, in a rally, if buyers are continually prepared to bid up more for a
stock, the price may well end the day on its highs ... then, the bias of
sentiment is towards the buyers, in that market.


have a great day

paul



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