ES Journal Archive (2006 - 2008)

Yes, and moves fast!

I was looking at the Jan 33, 34, 35 calls but too pricey and wide bid/ask. I'd rather trade XLF etc

USO Jan 32 is 3.60 bid 3.50 ask 3.70

XLF Jan 13 put is 1.38 bid 137 ask 139

 

It only matters if volume is at least average. Low volume days distort Trin.

Best modality to gauge intraday strength is advance issues/advanced+decline. This gives % of stocks up on day.

In a non trending day readings of 67 or 33 percent indicated overbought or oversold.

Days where it is above 85% with news will generally close on its high.


Here is TS code:

[LegacyColorValue = true];
[SameTickOpt = True];
inputs:
AdvIssues( Close of data1),
DecIssues( Close of data2),
OB(.67),
OS(.33),
Avg(1);
value1= advissues;
value2= advissues+decissues;
value3= iff(value1=0,0, value1/value2);
Plot1( Value3, "A/D%" ) ;
Plot2(ob,"OB");
plot3(os,"OS");
Plot4(.50,"CL");

 

Hey Ammo, How's that shoulder looking ?

 

Gap fill on its way.

 

Buying rest of postion here at 874

 

It moves. What if $TRIN keeps going higher?

 

Actually fill was 874.5

 

nice run, I am glad trends don't exist anymore!

 

Like now?

Confirmation of the down trend, but only after the trend is established and well on its way.

 

Forgot to mention: stop is 839 as mentioned 12-16-08 07:34 PM

Dmartin