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I will also add, looking at the overall distribution from the last two days is telling me a TON of held LONG positions (probably from much lower levels) have bailed and taken profits......they CA$H'd out for a big score. :) Buyers in the upper 600's (665.75 to 699.75) just made a 250 point...

This could be the turning point at least short term.....setting up perfect so far. :)

Now lets go trade to 938.50......933.50......928.50........918.50.........908.50.........etc. :eek: :D

No......the overall net short position is greater than yesterday. http://www.charthub.com/images/2009/06/02/ES.png More net short have been willing to hold positions today versus yesterday.....regardless of the fact we traded 949.00 touch. In other words......as price traded through...

Yes sir......someone is accumulating very large short positions.....COOL! Excellent action today.......this is the perfect scenario to load up. :cool: Short holders have been able to create price improvement and cost basis of position optimization today. This is a very interesting sign...

Targets were filled at 936.25........EU session this early a.m. so far is uneventful.

Nope.....entities ABOVE the corporations. :eek:

Were you FORCED to read all these pages in this thread??? Thought not......:eek: Another one of those......."mommy, mommy, please make them stop.....mommy, mommy, please come and save me!" :eek: :D :p :D

Yes.....once neutralized you can remove it.

Yes those type scenarios have happened in the past.....but usually the run beyond a zone in the AH session is a news event related situation. Also, holders will not just sit by and watch price trade too far from the zone, or you will see them start to cover or attempt to drive price back to...

The most important time to watch is the period of the EU open at 02:00 CST......from that time on I like to watch the first hour or two (when I am in new held positions or if price has traded back to levels near my held positions). From the EU open to the US open, it can get wild at about any...

5 points from top of the Delta Zone.......so today if we had typical range extension AFTER a zone goes neutral, we would have traded to the 949.75 level at a minimum.

Yes and Yes..... :D For the first question, I would say it happens "often" more so than usually. Your second question is the type of action where you will see gap fills right after the cash open, and then price will take back off in the AH session move direction (I LOVE fading those type of...

Thanks.....just trying to put the price action into context with how I watch these delta volume distributions play out.

Of note today, the neutralized delta zone did not cause the price to range extend 5 points or more. This shows there were minimal levels of remaining held inventory 940's-944's AND bulls were not willing to buy the upper levels of that previous delta zone to maintain the rally strength...

You would be surprised how many of these positions get held for very long periods of time, so I do not worry too much about how many MAY be held. I just know from my experience, these zones stay in play even after 6 to 9 months of price away from the zone prior to return. The 50% is a guide I...

I only counted the "minimum" delta zone range of 3 points from HOD to 944.25......so I take the net short contracts (more than enough statistically) within that 3 point range for this zone. I did not count contracts down to the 940 level.....only down to 944.25 :)

It is WE for ME because I am a part of the held SHORT contracts.......:cool: GOT IT! :eek:

Obama's economic plan! :eek:

Significant zone that is.......I will sell aggressively any return of price to the 944's and up tonight on any new signals (I will check out the AH session tonight as the EU opens).