'Morning DB, F&B.
Can I add also that when looking at this, I take into account skewing, which can occur when orders are queued but are so far from the buy/sell division so as to have little real effect on the immediate outcome. For Instance, if I was to place an order for 10 million PNA at .30, that would be skewing the information in favor of the buy side. Might have an influence on an individuals final decision to buy sell or hold.
Ultimately I place more value on the queued orders close to the split than I place on the overall buy - sell ratio.
Please, no-one say "DUH! Eh?" or i will take my bat and ball.
Stu
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