Recent content by Dortch

Thanks Ammo. I will have to take some time with your graphs and explanation. I assume this is market profile with a bit of a twist.

For my own edification, how do these graphs aid you in making a decision to place a trade? Thank you.

Yes, big supporters of Kennedy and Daley.

I have used SPY intraday as a proxy for ES...just to familiarize, not to trade. I agree, there is money to be made trading options. I suspect the writers of such make the lion's share. If I recall...the majority of options expire worth less, not worthless. This key distinction favors the...

Good job. If you are making consistent money trading spreads - more power to you...I looked hard into options long ago and just could not overcome the double whammy of decay and the bid/ask spreads. I realized owning/selling the underlying security was a better place for me.

Is today the start of the low volume (not today) rally, which lulls many into wondering if it is time to again adopt a long bias?

lol...still laughing at this post....

I too looked at Friday's action..that being the last time I saw 1196, hence my comment. I simply reached the conclusion that the position was taken on Friday. I may be wrong...it could have been initiated during non RMH, which I do not watch.

Money managers must be bullish in the long run - or else be out of a job. I can't really disagree with them, for in the "long run" the bad stocks are replaced with the good, so that the indices will always perform.

On the charts (monthly), we have been in trouble since 2007...got a strong bear market rally until last week.

It had to be an overnight position.

I made a mistake... clone a line at the low of 2009 - not 2003.

Need to draw some trendlines here...connect 2007 with "now" then clone a line at the low in 2003. This is the reality of where we are!

Agreed, this is an anamoly. I waited until after lunch so that things could settle out. The only long trade I had was after Obama spoke.

Curious how everyone did...I only got in after 13:00...5 trades, 4 short, no losses. Total of 34 points per contract.