what a difference a day ecn, page-14

Im definitely sure I dont follow all your saying here. I handle information in small bites and take a long time to integrate the same.

There is one aspect of this discussion that intrigues me is this mention of two different types of traders. Up until now Ive never really made the distinction - rather just loosely referring to the smart money and the undefined daytraders.

"But like I say this is purely dependant on how you proportion these sellers between ones taking profit in the short term and those taking profit from further down the buy line and balance this with the % of accumulators Vs traders."

With AIM Id say that anyone whose got around 100K of stock to throw into the pool would be a little bit more than a daytrader. So it was interesting to go over the course of todays trades to determine the proportion.

Today there were 65 trades in the 100K plus range representing 66.5% of total volume traded. Breaking this down even further to sort out the overall buyers and sellers in this group I will assume that parcels traded before the peak of 38.5c at 10:10am were by buyers and those traded to low were sellers. On that measure buyers and sellers traded approximately the same volume. ( 6.8M : 6.3M ). So on that score Id say neither side had a clear sense of direction. Next week will provide clarity.