sensible discussion mon morning, page-32

Hi,

Just wanted to show today’s chart which is similar to the trading on Friday except today the blue line started above the red line and stayed above for the full day of trading except for 8 minutes between 10:30 and 10:40am.

From around 11:45 the gap between the blue and red line seemed to get bigger which means at that time there weren’t many buyers but they wanted enough shares in the top 5 price levels to keep the demand higher then the amount of shares the top 5 sellers wanted to sell. This is fairly accurate to see if they are likely to be buyers since if there is a quick move in price there would be very little time to pull the orders. Looking at the trades today, its hard to know what amount of shares are being purchased but can see when a large sell order goes through it goes to one buyer and there were trades of 50-100 000 shares going through today.

For the demand to stay up above the red line for the full day and at times even getting the demand to increase to 2-3 times more then on the sell side suggests there were lots of buyers wanting to be holding shares for the announcement. Lots of people must think good news is going to come out since there were over 200 trades today and the most shares went through at 44 cents today with 70 trades at that price to buy 1,002,062 shares.

The chart is only to show an indication of which side of the market depth is stronger which can help determine the direction of the share price, since eventually if pressure on either buy or sell side is strong enough the share price will normally follow.

At a couple of times during today’s trading the buyers were wanting 3 times more shares then each seller was willing to sell. But most of the day was around 2-2.5 times more shares wanting to be bought then sold.

It finished today with a demand of 3.26 times more shares wanting to be bought compared to shares wanting to be sold in the top 5.

The chart is just showing the buy depth as it changes during the day, so its not going to work all the time its just another indicator like other charting indicators but it shows what might happen to the share price before a price move. Hopefully the buying from last 2 days means good news is due soon.

Just thought to show this chart today after posting Fridays chart.