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Very interesting point KP, didn't even think along those lines...

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Tempy

263 Posts.

23/03/16

00:10

Post #: 17341848
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Originally posted by kingpins ↑

Hi tempy

There is one thing that I do with depth, if you look at graphs most small stocks will go up or down about 7 %

So I take the offer price and deduct 10% and do the same with the sale side (add) so in effect I only use the figures which are 10% either side of the buy and sell to be important

This will almost always give a far different figure than the totals at the bottom of the columns because if a stock is selling at $1.00 an offer for 5 million shares at 20 cents is never going to come into contention so should not be used in calculations

Someone posted that they take only the top 3 but I believe that this is far too narrow but if it works for him that's fine we all have to develop our own methods as I also believe that it's all a judgment call or "hunch" anyway

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Very interesting point KP, didn't even think along those lines (pardon the pun) and will look into this tomorrow when I'm watching the market

Last edited by Tempy: 23/03/16
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