NYSE MEMBER BUYING ATH

Femte grafen uppifrån med förklaring, länk. 

|StRY| "Caveat emptor. Buyer beware."

Två veckors fördröjning på dessa data, så hitills har de väl lyckats hyfsat...

"NYSE Members are the middlemen who make their money by accumulating stock during declines and selling back it to us at a profit during the next advance" 

Vilka är dessa? Mäklarfirmor? De som handlar på golven? Eller vem?



|StRY| "Caveat emptor. Buyer beware."

Several types of members work on the trading floor, and each plays a distinct role in the auction process.

Floor Brokers
A broker acts as an agent, representing customer orders to buy or sell stock. There are two main types of floor brokers: commission brokers and independent brokers.


Commission Brokers. Commission brokers are employed by brokerage houses, which are members of the NYSE. A commission broker executes the orders of his firm's customers.
Independent Brokers. Independent brokers work for themselves. Although they are not affiliated with any brokerage house, they handle orders for brokerage houses that do not have full-time brokers, whose brokers are off the floor, or are too busy to handle a specific order. Independent brokers were once referred to as "$2 brokers," a term coined when they received $2 for every 100 shares they traded. Their fee, paid by commissioned brokers, is called a "floor brokerage." This fee is fully negotiable depending on the size and difficulty of the order they are trading.

Specialist
A specialist performs 5 essential functions:

Manage the auction process. To maintain a fair and orderly market in a particular security, the specialist establishes the opening price for his security every day. Then, during the day, he quotes the current bid and offer prices to brokers.
Execute orders for floor brokers. The specialist can execute an order immediately or hold the order and execute it when the stock reaches the specific price requested by the customer. As a dealer, the specialist will buy or sell stock from his own inventory to keep the market liquid or to prevent rapid price changes.
Serve as catalysts. Specialists are the point of contact between brokers with buy and sell orders. The specialist acts as a catalyst, bringing buyers and sellers together enabling a transaction to take place that otherwise would not have occurred.
Provide capital. If buy orders temporarily outpace sell orders, or conversely if sell orders outpace buy orders, the specialist is required to use his firm's own capital to minimize the imbalance. This is done by buying or selling against the trend of the market until a price is reached at which public supply and demand are once again in balance. Usually public order meets public order without specialist participation, however, specialists do participate in about 10 percent of all shares traded.
Stabilize prices. To ensure that stock trading moves smoothly, with minimal price fluctuation, the specialist will step in against the market trend. Specialists buy and sell stock to cushion temporary imbalances and to avoid unreasonable price variations.

Även intressant att notera utförsäljningen INNAN 11 sept 2001 

At the end of 2001, the Exchange had 1,423 members, including 1,366 members who own "seats" and have full distributive rights in the Exchange's net assets.

#3 Tack. Så det är "specialists" som har nettoköpt då alltså? De köper eller säljer alltså mot trenden? Måste inte det bli sjukt dyrt om marknaden rör sig "fel"? Eller är det så att man hedgar hela innehavet så att man ligger neutral ändå? Agerar bara som smörjning i marknaden..... Låter som att det kan utnyttjas till otillbörlig påverkan då också iof.

Borde inte utbud vs efterfrågan råda fritt? Eller överdriver jag dessa specialisters inverkan?

"... If buy orders temporarily outpace sell orders, or conversely if sell orders outpace buy orders, the specialist is required to use his firm's own capital to minimize the imbalance. This is done by buying or selling against the trend of the market until a price is reached at which public supply and demand are once again in balance. Usually public order meets public order without specialist participation, however, specialists do participate in about 10 percent of all shares traded.
Stabilize prices. To ensure that stock trading moves smoothly, with minimal price fluctuation, the specialist will step in against the market trend. Specialists buy and sell stock to cushion temporary imbalances and to avoid unreasonable price variations... " 

#4 Ja...såg även tidigare att man noterat en ökning i omsättningen av SPY eller om det var QQQs. Men det behöver ju inte röra sig om insider info, sådant skulle ha läckt ut innan.



|StRY| "Caveat emptor. Buyer beware."

6
Insider till Usama då eller? ;-)

#7 Precis, pengar är ju väldigt rationella vetu =) Vet man att det blir ras satsar man och tar i allt vad man orkar.

Men i verkligheten rör det väl sig om slumpen då =)) Även om det är ett sånt där sammanträffande som är kul för ögat. 

|StRY| "Caveat emptor. Buyer beware."

Ja börsen hade ju faktiskt rasat en hel del veckorna innan 11 sept så de hade nog sålt ändå men en intressant slump som säkert många konspiratoriskt lagda spinner vidare på :-) 

#9 ;) Men vänta nu, skall inte dessa köpa för att stabilisera raset? Eller är grafen mer än "specialisternas" köp.

Om det är members net buy, då kan det ju lika väl vara kunder som köpt? Eller proffs traders? Blir lite virrig av denna data, då vi haft så tunna volymer och det nu menas att dessa har ackumulerat så pass.

|StRY| "Caveat emptor. Buyer beware."

Men hallå, börsen hade ju rasat i flera månader före September 11, lite dålig timing att börja sälja just när den paraboliska rörelsen börjat öka accellerationen.

men det intressantaste med grafen tycker jag är de 2 tidigare spikarna som inte var helt feltimade 

10

kunder kan det inte vara eftersom alla handlar via någon medlem på NYSE precis som vi handlar via någon medlem på Sthlmsbörsen

det kan betraktas som manipulation

mars 2003 för att inte sätta en lower low (vs okt 2002)

okt-nov 2003 då index borde ha toppat (9 mån ) ; i stället för att börja sjunka så drog de upp så in i helvete

just nu... ränte besked, och juni -juli index borde toppa igen - 9mån.

dj m

toppar 9 mån markerade med blå-röda cirklar-nov hade varit dags, strax e det dags igen

mvh

the big picture