I recently stumbled on a new site that looks very promising to mine auction house data and statistics from.
The site is called The Undermine Journal and it only opened up recently, about a week ago. This site is pretty similar to another one in the past I talked about and is now out of operation – www.wowoah.com
The Undermine Journal is currently in alpha but after browsing it for a short time there seems to be a lot of interesting features and ways of presenting the data that can help you determine market trends, see all the markets your competitors are in and see at a glance what the highest profit items are to make.
Market and Price Trends
I really like the way they present price data history. The data starts on July 1st and is updated every hour. What this allows you to do is look back on the chart and analyze big dips and spikes, see if there is a common pattern on which day or time it happens and see if you can profit from this knowledge.
Not only does it display the price, but the quantity available, so you can see when the market is over supplied and under supplied.
Snapshots of Most Profitable Items
If you browse through the professions under the search bar this will provide your servers current prices for each of the items.
An example above is the jewelcrafting snapshot, I picked the red gems section to show the breakdown. What this shows is at the top right the current price of an uncut cardinal ruby and we can see going down the list what the current cut prices are for each of the cuts. Although flashing cardinal ruby has the highest profit margin it may not be a good seller, but still nice information to have.
Competitor Analysis
There is so much involved with the competitor analysis, just type in a persons name into search and it’ll give you a large breakdown.
My favourite feature is showing a history of when your competitor posts! This will show you when your competitor plays, wakes up, gets home from school/work so you can time your postings right after this time!
Another great feature is that it shows all the items your competitor is posting, a pie chart of all the types of markets they are involved in (20% gems, 25% enchanting, 10% trade materials etc..) so you can see any markets you may be missing and get in on that profit too.
Unfortunately they aren’t covering a lot of servers at the moment but I can see a lot of potential if they open this up. This will be a tool I’ll use a lot to time flipping items from looking at pricing trends and also research my main competitors.
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bah its doesnt support EU yet !
If and when this works with my realm, im sure i will be using it a lot.
Same here, my realm isn’t posted yet but it’s a med-pop server so maybe they’re working from highest down?? Either way very cool site that I hope I can use in the future. As for the red gem snapshot, I don’t even have the Flashing Cardinal recipe. We have 10 tanks in our guild, and I asked them all; none would ever even attempt to buy it. But it could be a very different story on other servers.
I have been in contact with the developer and this what they had to say about how you can have your realm added. ( http://www.warcraftecon.net/?p=2518 )