ES 4-27-2011


Here is a 30-min chart with the developing profile for the week. On the lower pane I have a relative volume study giving feedback for the past 200 trading days. Quite interesting the rally over the last week has come on some seriously weak volume in relative terms to the last 200 days of trading.

Notice the one bar from todays session which is about 130% above normal 200 day volume, that came on the high reversal bar for the day...

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es30min04272011
Struggle

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2011 04 271137
LisaP,
thanks for posting chart.
I have a question,
what is the definition of the footprint you are showing. I look at timestamps at top of chart and 10:52 and 11:02 (I think I did anyway)

are you showing footprints based on 10minute time periods?
Originally posted by PAUL9

LisaP,
thanks for posting chart.
I have a question,
what is the definition of the footprint you are showing. I look at timestamps at top of chart and 10:52 and 11:02 (I think I did anyway)

are you showing footprints based on 10minute time periods?


Paul, my chart is a "point and figure" type, which is NOT time-based. New column is started when when price goes 5 tics agains the move. The time on the top of the column is when a new column starts.
Lisa,

thanks alot.

I thought I was living in the twilight zone, none of anything I was doing was coming close to what you had posted.

now, with your explanation I understand the chart.
(although this realization does not necessarilly mean that I do not have a permanent residence in.... the twilight zone)
- cue theme music...
Thanks Lorn...lol
terrific, Lorn
perfect

thanks alot.

I really appreciated that.

and you know what?

I can make a substitute for "twilight" at the very end of the clip, .

"Trader"
DOW is on fire, ES - overlaping 1 min bars - ridiculous
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2011 04 271526
INDU=12,700
Last chart for today...lol
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2011 04 271615