Who or What move the market at the close today ??

In your opinion...
Who ro what was the reason to the final movement at the Market today.- ??

Do you saw any signal before the market move ??

Thanks

Here's the Market Profle that you are talking about for today in the ES:

[1475.00] Q

[1474.75] Q

[1474.50] Q

[1474.25] Q

[1474.00] Q

[1473.75] Q

[1473.50] Q

[1473.25] Q

[1473.00] Q

[1472.75] Q

[1472.50] QR

[1472.25] QR

[1472.00] QR

[1471.75] QR

[1471.50] QR

[1471.25] QR

[1471.00] QR

[1470.75] QR

[1470.50] QR

[1470.25] QR

[1470.00] QR

[1469.75] JQR

[1469.50] IJQR

[1469.25] IJQR

[1469.00] IJQR

[1468.75] EIJQR

[1468.50] EIJQ

[1468.25] EIJQ

[1468.00] DEIJQ

[1467.75] DEIJQ

[1467.50] DEIJQ

[1467.25] DEIJQ

[1467.00] DEIJQ

[1466.75] DEIJQ

[1466.50] DEIJQ

[1466.25] DEIJQ

[1466.00] DEIJQ

[1465.75] DEIJQ

[1465.50] DEIJQ

[1465.25] DEIJQ

[1465.00] DEIJQ

[1464.75] DEIJQ

[1464.50] DEIJQ [DVAH]

[1464.25] DEIJQ

[1464.00] DEHIJQ

[1463.75] DEHIJQ

[1463.50] DEHIJQ

[1463.25] DEHIJQ

[1463.00] DEFHIJQ

[1462.75] DEFHIJKQ

[1462.50] DEFHIJKQ

[1462.25] DEFHIJKQ

[1462.00] DEFGHIJKQ

[1461.75] DEFGHIJKQ

[1461.50] DEFGHIJKQ

[1461.25] DEFGHIJKQ

[1461.00] DEFGHIJKQ

[1460.75] DEFGHIJKQ

[1460.50] DEFGHIKLQ

[1460.25] DEFGHIKLQ

[1460.00] DEFGHIKLQ

[1459.75] DEFGHIKLQ

[1459.50] DEFGHIKLMQ [DPOC]

[1459.25] DEFGHIKLMQ

[1459.00] DEFGHIKLMQ

[1458.75] DEFGHIKLMQ

[1458.50] DEFGHKLMNQ

[1458.25] DEFGHKLMNQ

[1458.00] DEFGHKLMNQ

[1457.75] DEFGHKLMNQ

[1457.50] DEFGHKLMNQ

[1457.25] DEFGHKLMNQ

[1457.00] DEFGHKLMNQ

[1456.75] DEFGHKLMNQ

[1456.50] DFGHKLMNQ

[1456.25] DFGHKLMNQ

[1456.00] DFGHKLMNQ

[1455.75] DFGHKLMNQ

[1455.50] DFGHKLMNQ

[1455.25] DFGHKLMNQ

[1455.00] DFGHKLMNQ

[1454.75] DFGKLMNQ

[1454.50] DFGKLMNQ

[1454.25] DFGKLMNQ

[1454.00] DFGKLMNQ

[1453.75] DFGKLMNQ

[1453.50] DFGKLMNQ

[1453.25] DFGKLMNQ

[1453.00] DFGKLMNPQ

[1452.75] DFGKMNPQ

[1452.50] DFGKMNPQ

[1452.25] DFGKNPQ

[1452.00] DFGKNPQ

[1451.75] DFGKNPQ

[1451.50] DFGKNPQ [DVAL]

[1451.25] FGKNPQ

[1451.00] GNPQ

[1450.75] GNPQ

[1450.50] GNPQ

[1450.25] GNPQ

[1450.00] GNPQ

[1449.75] GNPQ

[1449.50] GNPQ

[1449.25] GNPQ

[1449.00] GNPQ

[1448.75] NPQ

[1448.50] NPQ

[1448.25] NP

[1448.00] NP

[1447.75] NP

[1447.50] NP

[1447.25] NP

[1447.00] NP

[1446.75] NP

[1446.50] NP

[1446.25] NP

[1446.00] NP

[1445.75] NP

[1445.50] NP

[1445.25] P

[1445.00] P

That's a very unusual move for the market at that time of day. I have no idea what caused that.

There's only one thing that can move a market like that, in my opinion, and that's big buy programs non-stop. I think it was the PPT (plunge protection team) getting scared as the lows of the day looked ready to give out. But, that's just my opinion, having seen this happen many times before under similar circumstances.

I'd be curious to know what usually happens on a day following this type of close ? I don't keep stats. My guess is that it seems too obvious and I'd be looking to sell any higher trading if we gap up or else look to buy into any initial weakness expecting chop either way today.

Even if you were to keep stats I don't think that yesterday's profile is very common so you would have very little to compare it to.

I agree DT..probably not enough occurences....my comments where really made based on the psycological (my spelling stinks ..can you get spellcheck in here..lol) aspect which unfolded perfectly. If it's too obvious and everyone can see it then we need to fade it...so the gap and push up was the fade trade to make...

You bring up a cool point , one which I never thought of and that is patterns of profiles from MP and what should happen the next day...intersting. Someday I want to get a huge database and be like a mad scientist..testing all these great ideas...but for now I'll concentrate on trading and my spelling...

Bruce

Which browser are you using Bruce? If Internet Explorer then install the Google Toolbar and use the spell checker from the toolbar whenever you've finished writing a post and before you click submit. If you're using the latest version of Firefox then it should automatically red squiggly underline the word as you're typing it.

I partially agree with J. Kane; only program trading creates these moves which are amplified when the market is very thin. As to the reason why these trades kick in, I have no clue. It's interesting to see all areas of resistance become non-existent on the way up. The action was near identical to yesterday.

Luckily, I made my points early in the day when certain prices were respected and followed my plan to quit when the "nut" is made.

Thanks DT..the new Firefox did the trick...

quote:

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Originally posted by day trading

Which browser are you using Bruce? If Internet Explorer then install the Google Toolbar and use the spell checker from the toolbar whenever you've finished writing a post and before you click submit. If you're using the latest version of Firefox then it should automatically red squiggly underline the word as you're typing it.

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It's markets like these that should make all retail participants realize we're not trading against another trader looking at a chart, but institutions with sophisticated computers. Very humbling experience to observe the tried and true high probability pattern setups of less volitile days fail against the big money technology.

Computerized trading accounts for 75% of current ES volume. Buyer or seller beware.

Hi Gooden,

Are you refering to program trading ? If so where does this statistic come from ? Thanks

Bruce

quote:

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Originally posted by gooden



Computerized trading accounts for 75% of current ES volume. Buyer or seller beware.

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Maybe I dont understand very well, but I use J-charts (this software is a new for me )for see where exist soupport or resisntence, and Pivot Points.-
I make only intradays, trading.
In all case I use 2 point to stop lose.

You make a very good questions and wait for the others with more experience says

Dr Porto