Inventory Grab Alert 4/30/09!

I see real good INTRADAY scalp SELL set-ups.....nothing out of the ordinary so far (even with a "Quad Witching" session).

http://www.charthub.com/images/2009/06/19/ESCD_Sep_2.png

http://www.charthub.com/images/2009/06/19/ESCD_Sep_3.png

 

As you are fond of saying, "that is correct sir." I bought because it was the proper thing to do.

Today I would like to see the market go down because I sold all my MSFT stock on the opening gap today after the big run up from 16.

 

Houston, we have a problem!


http://www.charthub.com/png.php?png=2009/06/19/Untitled_23_2.png
http://www.charthub.com/png.php?png=2009/06/19/Untitled_FP_24.png

 

Good play.......then DOWN we go! :eek:

 

Scalping "middle of the road" action is best play imo. The "edges" is where you have better potential longer term trade set-ups.

http://www.charthub.com/images/2009/06/19/ESCD_Sep_4.png

 

Wink, Wink.....

 

Like the man said when he leaped out of a 40 story window, "so far so good."

 

Im still not exactly sure what you are showing. It looks like you are showing that the CD was unable to get back...but back to where? Just confused.

Also, you mentioned the 24-27. IOAMT room was looking at 23-27 area as where there might be some resistance.

I have been trying to logically think through where the resting inventory would be.

Essentially, price trends and gets to a place where resting supply or demand are sitting(responsive buying or selling). This slows down the probe, what follows after the slow down of the probe is initiated resumption of the trend or initiated trade to probe back to where original trend came from.

It seems like there is a connection between the initiated trade and the resting inventory. How they are related.....im still working on it

Any suggestions/thoughts would be appreciated.

 

With respect to the CD at the BUY signal (right after the cash open) you have:

(1) Positive DD @ 14:37
(2) Negative DD @ 18:07

Without hindsight knowledge, how do you choose the reference point (for delta divergence) to justify the long trade?

 

Also, if we have an intraday trend with for example 3 legs. Each leg was done buy initiated trade. Therefore, there would be resting inventory at the beginning of each leg of the trend. My guess(still thinking it through) is there would be resting inventory right where the initiated trade at the beginning of each leg. Also, on change of an intraday trend from long to short or viceversa which will create a high or low of the day will have initiated trade that would have defenders if we approached that area in the future.

Sorry for my rambling...