Inventory Grab Alert 4/30/09!

What is CD? I am guessing cumulative delta.

Is there a SC study for that?

 

The only way to PROPERLY plot the CD is through bid/ask data traded.

 

Watch the 910.00 area today.....if market starts to trade through the 910's there will be a fair amount of resting LONG inventory that gets dumped in a hurry.

 

Can you quickly show us where to find the CD calculation that you all use, or can you post it here.

 

1- add the ask study

2- add the bid study

3- add the difference - study subgraph study and base it on the ask and bid studies

4- add the cumlative sum of study based on the difference study

 

Thanks. I use IB. If I get IQ feed I will try this.

 

thanks. Is the ask study the one used by Investor RT

 

This IS THE PROPER WAY to plot DELTA.............

http://www.linnsoft.com/tour/techind/vb.htm

 

+20 point targets filled this morning at 906.75

I have my next targets at 901.75 and then 891.75 in case we have additional selling.

 

Let me beat the dead horse again.

While trading use price only. It is OK to use indicators during a planning false. To find S/R levels. But then only trade price and how it behaves around the planed areas. If you go long and the price proves you wrong you should go short. If that also is proven wrong you should go long again. Like a leaf in the wind.

An easy way to find S/R is to use P&F or a simple bar chart.

The problem with using a "strong" (Holy Grail) type of indicator is that it will force you to fight the price and you will lose.