Re: [amibroker] madness (was AmiBroker vs other programs)

["Richard Harper" <rdharper@xxxxxxxxxxxx>]

Thanks Yuki!!
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Yuki 
  Taga 
  To: <A title=amibroker@xxxxxxxxxxxxxxx 
  href="">Richard Harper 
  Sent: Wednesday, July 02, 2003 6:30 
  PM
  Subject: Re: [amibroker] madness (was 
  AmiBroker vs other programs)
  Hi Richard,Thursday, July 3, 2003, 9:52:10 AM, you 
  wrote:RH> Yuki;  How do you measure order imbalance 
  pre-market?There is a formula the exchange uses, and if one side out 
  numbers theother side by a certain percentage, the stock goes either 
  "kaikeihai"(order imbalance on the buy side) or "urikeihai" (same thing on 
  thesell side).When this happens, the bid is raised or the offer is 
  lowered inincrements that relate to the last traded price of the 
  stock.  Forexample, if a stock last traded at 480 yen, the increment 
  would be 5yen, if last was 501 yen, the increment would be 10 yen, and 
  soforth.  Bids and offers are moved every 5 minutes by those 
  setincrements under these conditions, and when the bid or offer 
  finallyreaches a level where bids and offers match, regular trading 
  resumesat that level.Pre-market, we can see the bids and offers, 
  the screen showing theprojected opening price based on these, and the 
  sizes.  Often, thesepre-market indicators turn out to be totally 
  invalid however, asthere can be very large movements just a minute before 
  the open, toolate to enter an order that will be executed on the 
  open.  At somepoint just before the open, the open is "locked out", 
  and only tradesalready in go into that settlement basket.  Just 
  missing that basketwith a market order can be very painful, or very 
  pleasurable, asthere is sometimes a large "air pocket" after the opening 
  basketclears.However, on a day like today, when the order 
  imbalances arestaggering, and projections are for 4, 5, or even more 
  incrementalmoves before matching, you can be sure the open will be 
  substantiallyhigher.You just can't be sure it won't be the day's 
  high.  ^_-YukiP.S. Almost everyone who paid 8 to 11 
  percent more on the open is introuble now, as prices are up about 3-5 
  percent now.  Crowdpsychology is really dangerous.  Ether side 
  of the market.  Only thedeep pocketed and very confident can stand 
  this pull back.  It'sgoing to be a very wild day, and I'm probably 
  going to just sit backand relax.  When the spreads open up like this, 
  it's time to considera break.  ^^_^^  Odds are just about as 
  good at the craps table rightnow.Send 
  BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to 
  suggest@xxxxxxxxxxxxx-----------------------------------------Post 
  AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: <A 
  href="">http://groups.yahoo.com/group/amiquote/messages/)--------------------------------------------Check 
  group FAQ at: <A 
  href="">http://groups.yahoo.com/group/amibroker/files/groupfaq.html 
  Your use of Yahoo! Groups is subject to the <A 
  href="">Yahoo! Terms of Service. 







Yahoo! Groups Sponsor












Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx 
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html



Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.