RE: Bargain buys!!22 Feb 2023 18:49
Where do you see that ratio mazik, if using the stats on a site like this
that labels with a GUESS to buy sell or chokes to unknown on delayed
on its mid, or now out of what it thinks is range.
Then those stats are as much use as a chocolate fireguard, worthless on a normal
day, ultra poor on a busy one, giving rise to unresearched cries of we have, e.g.
5 times the sells to buys, yet we are up ? , why flat when ten times the buys to
sells, because in reality, the guesswork algorithm employed by sites like this one
like the chaser, having a really bad day at the office.
Any price within the spread and even the extremes , could be either, no market in
the world uses red/blue or buy/sell, just sites like this putting their own spin on
every trade, based on what ITS algorithm thinks is the current mid price.
Above BUY
Below SELL
Delayed/on mid/ dont fit = UNKNOWN
So daily on ALL shares, some buys will be labelled sells, and some sells labelled buys
it's just a poor mechanism, to try and be helpful (trend/ratio's) but fails miserably on
most shares, most days.