Discussion in 'Technical Analysis' started by increasenow, Sep 13, 2007.
9/21/07 all times are CST
8:39 New high on the nasdaq and russell premium. (color magenta) Whats that mean? Spoos will go higher than 1541.75
8:43 New low on SP Premium. (color blue) Whats that mean? Spoos will go lower than 1539.25. Whats your strategy? BUY THE DIP using what ever indicator you want. (Unless you want the best).
8:57 New low on Nasdaq Premium. Whats that mean? Spoos going lower than 1539.00
9:14 New high on the russell premium. Whats that mean? Spoos will go higher than 1541.50
Whats your strategy? BUY THE DIP below 1539.00 using what ever indicator you want. (Unless you want the best)
9:36 New low on nasdaq premium. Whats that mean? Will spoos go lower than 1537.25? YES but now? NO! WhY? Keep reading.
The 9:36 premium feeds were all positive! How do we know that? Enter secret indicator code name ronald mcdonald. See the arrows . Those bars are >0. That means the big boys are BUYING THAT LOW!
The best strategy says buy buy buy! Keeping well in mind the spoos WILL go lower !! But not now!
10:06 New high on russell premium. You know now what that means.
10:09 New gap on close of SP Premium? Whats that mean? Gaps on the premiums during the same contract period are almost always filled. Spoos Very likely going higher.
10:27 another new high on the russell
10:51 another new high on the nasdaq
11:34 new high on the spoos! But wait.. NO NEW HIGH on the premium? Whats that mean? AINT NO SUPPORT FOR THAT HIGH!
Whats your strategy now? will the spoos go up, go down which?
The best technical indicators say DOWN AND DOWN BELOW 1537.25 WHY?
#1 11:35 the vix ends the down trend
#2 11:58 the trin ends the down trend
#3 9:36 there was an unfilled gap on the trin at .98 and there is also an unfilled gap at 1.02 created at the close of yesterday
#4 9:36 there was an unfilled gap on the vix at 19:36 and there is also an unfilled gap at 20.51 created at the close of yesterday.
#5 Gaps on the trin and vix are ALWAYS FILLED. ALWAYS!! therefore to fill those gaps the trin and vix MUST go up and when they do the spoos will short and they will!
#6 the probability of big institutionals selling today is greater than the probability of buying. Program sell levels are more likely to be hit. How do we know? Look at the relationship sell program levels have to fair value versus buy programs to fair value. Its easier for sell levels to get hit.
How do you know all this stuff? Education aint free! Nobody is going to teach you how to read the trin, vix, premium CORRECTLY for free. Nobody!
GUESS WHATS GOING TO HAPPENED NEXT! No need to guess !!
one of the best strategies around shorted at 12:38!
gpguy knows what hes doin
He wasn't a trader, but he WAS put in charge of the money supply.
He was Warden of the Royal Mint.
Price and volume are the only two I use. There are many able traders who use more, and many able traders who use less.
Moving averages mean little to me personally, but it IS helpful to know if price is near the 50 day and/or 200 day moving averages, because other traders believe it is important. The same with pivot points, and previous support/resistance levels. They often serve as self-fulfilling prophecies of price.
Separate names with a comma.