ES short term trading 5-14-10

Originally posted by PAUL9

Originally posted by phileo

we are now below weekly lows,dip buyers from earlier this week will bail/liquidate.

Great observation, but they might have dumped to create the L in place, and now, the shorts might be willing to book profits (buy) on any new 5min H>previous bar H.

I don't know, but I do know that I expect volatility and volatility is not a one way street.

no matter what, (bounce intraday or not) you have to see supportive PA.

Originally posted by PAUL9

Thanks, daytrader

phileo, can't argue with anything you've said, but as I've said: volatility is two way street.

just now have seen first HH on 5min.

I ask myself, who has made the money yesterday and day before? Bears, maybe they want to book profits ahead of weekend.

It is certainly a downtrend and the idea that the first 30min did not have a single positive tick is not good, but rubber band has been stretched.

Originally posted by redsixspeed

Originally posted by BruceM

so it seems my histogram on IB may be wrong...anyone else have a High Volume Histogram price up at 37 that is higher than the volume node at 30 or 31?

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Bruce,

Seems your right @ 37.00...I don't use vwap...I know kool says
load it just before open...I forget to load it...LOL