Divergence at important level... let's see. +24k CD div at 895 -> price reacts with 5 pt plunge. Short inventory above 895 or? D.
sosueme REREAD MY POST AND SEE WHERE I said, INDIVIDUAL. Sure some THINK their so called indicators are "NEW FOUND HOLY GRAIL" stuff but as time goes on they will find out they were only fooling themself. There are ZERO secrets in this game...........ZERO. It all is out there in black and white and been copied, tweaked, reversed engineered, etc, etc and all find out the same thing. Nothing is new, NOTHING. If and when you realize that sonny then maybe you can make a dime. Quit stroking your ego and just learn how to trade, thats the only answer. HOG, out.
Exactly, regardless of time frame selected. Today was the perfect "running profile" day.......both ends of the range were "cycled" prior to price being run down through the 877.75 level. Sellers use the higher prices of the days range to re-load positions at better pricing levels prior to a run down to the next lower range of price (where the next pockets of resting supply are at.......their next targeted exits). I am definately now looking for the run below the 877.75 level and price to trade to a lower range after seeing todays action. I am looking at over an 80% probability price trades lower in the next trade days ahead.......we will see.
I know this wasn't directed at me, but in the interest of stimulating conversation in a very unusually civil ET thread, I will give my answer to this. I am not a large trader, but I do think large traders trade totally opposite to small traders like me. So with that in mind..... No, I would not be a willing buyer. To bail out of a big position like that would make the market move further against them. I think they would trade more like we see AMT trading. Adding more shorts, thinning out the lower held prices. With kind regards, MK
delta crappers: if you got knived at 12:10Pm, and 2:59PM trading the SPY (today May 22), know that god's hand was involved. Time is Eastern time. Note that you were clueless about what was happening as evidenced by your posts! Watch out! He hits when and where you ain't
Here's the problem I saw today. We broke through 889 and delta didn't follow along with price. How do you interpret this? http://www.charthub.com/images/2009/05/22/Untitled_1_3.png