ES 1-5-2009


  • 0
  • pt_emini
  • 5-Jan-2009 at 8:31 AM
  • Rep: 5,707
  • Posts: 1,941
Watching the 910 area this morning...

VAL 910.25

910.50 is the 61.8% retrace level of Friday's up trend.

Below 910 we have the 904 level:

Weekly Pivot Point at 904
Daily S1 at 903.75

904.25 is the 78.6% retrace of Friday's up trend.

POC at 913.75... will probably be ignoring this level today.

Pivot Point 918.25... will be ignoring this level also.



quote:
Originally posted by ak1

prestwickdrive could you please explain it, its confusing for me

There is a study called BAV in which one can utilize time and sales information as another way to try to figure out what is happening within the volume numbers. Considering trades on the bid being distribution and trades on the ask being accumulation, I have my BAV set with trades of 50 or more contracts considered big money. The BAV on the following chart has 2 lines. The white line is the cummulative "big money" total since the pit open while the brown line is cummulative "small money" action. That's what I was referring to.


Click image for original size
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since the GM sales numbers came out bigs have bought a net 3k so far
bigs now net positive again
  • 0
  • VOwater
  • 5-Jan-2009 at 1:57 PM
  • Rep: 133
  • Posts: 4,121
sold 2 @ 33 avg 31
34.5 = 100% IB extension
  • 0
  • ak1
  • 5-Jan-2009 at 2:07 PM
  • Rep: 858
  • Posts: 740
My sense of direction is a bit mixed up today lol
  • 0
  • VOwater
  • 5-Jan-2009 at 2:15 PM
  • Rep: 133
  • Posts: 4,121
flat 30.50!!
  • 0
  • VOwater
  • 5-Jan-2009 at 2:18 PM
  • Rep: 133
  • Posts: 4,121
sumptin tells me I should take $3.50 for my puts
bigs negative 10900 now - they sure sold the IB extension hard
  • 0
  • ak1
  • 5-Jan-2009 at 2:25 PM
  • Rep: 858
  • Posts: 740
Whee... everything going on as anticipated
  • 0
  • myptofvu
  • 5-Jan-2009 at 4:02 PM
  • Rep: 2,018
  • Posts: 666
quote:
Originally posted by Margie

myptof, I thought you were joking the other day, hilarious!


lol, no its real...its just a divergence trade, need to have been in a trend and a higher high or double top (or close) The divergence is the big thing. I ended up drawing eyes and naming it for my own amusement. I've been calling it the Batman for years now.
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