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Agree, that's probably the main reason. Algorithmic trading and lack of retail volume have the largest impact on market volatility IMO. But I also believe that if the retail market comes back those program things they're all going down the drain. When you have 1 thousand buyers stepping in at...

Another reason could be that market volatility continues to drift or that the market is just less attractive for short sellers. It could also be related to the stocks you're watching in particular. One thing for sure, tape readers in my office who were used to bring-in thousands everyday day...

I just started using NeoTicker to scan the whole stock universe for intraday setups. It looks quite flexible, you can define your own scans based on a Pascal-like programming language so I'm assuming I'll find less limitations than with the other filters available. Anybody had any experience...

OK. So how did you get a job there? Did you just send the resume?

The fact that the NYSE and AMEX are self-regulated is irrelevant if their folks don't respect the rules and are indicted on fraude charges every other year. I am sure there are honest specialists too but in the list of rules you mention don't forget there is one that says that the specialist has...

Nothing. BTW, if you manage to develop an edge out of X fake sizes let me know.

BTW, there is market manipulation in NASDAQ stocks too, of course, but it's different because no market maker is (in general) in full control of the order flow. I've been trading Naz names for a few months now and the only form of manipulation I've noticed is the classic shake-out: after a...

Lights, Although I agree that price action is driven mostly by market participants, there are cases in NYSE stocks that trades less than 5M shares/day where manipulation is obvious (let alone AMEX stocks). Otherwise, why to keep those individuals in the boots? The scum some people here are...

Interesting. Do u have a multi-dimensional entry technique?

Yes, mean reversion doesn't work all the time. What are u trying to prove here?

That's my ES chart with the revised formula for Friday.

You're right, my eSignal formula calculates bands using the average H-L. It doesn't have any multiplier to adjust the bands. ... for(i = 0; i < nInputLength; i++) { vHLC3 += (vHigh[i] + vLow[i] + vClose[i]) / 3; vHminL += vHigh[i] - vLow[i]; } vHLC3 /= nInputLength; vHminL...

Chud, There are news stocks and stocks that move everyday. Energy and housing are the big speculative frenzy of the last few years. Check out EQR, D, FRO, GMR. These are all related to oil, energy prices or real estate, watch them trading and choose the ones that fit you better. Make sure you...

Keltner channels are set to 20 periods on my 5min chart.

Ha! Morgan Stanley fires 4 people because they went to a strip club but pays $100M in leave package and bonuses to board managers (Purcell and others). Makes sense. Yes, this business still has moral values.

Two divergences today. Didn't check the VIX.

Not sure we're talking about the same divergence. The one I pointed out happened at 10:35, right before the ES turned around. It was actually an excellent mean revertion trade. But I understand your point about comparing the ADX with the other extremes for the same time frame. BTW, when you say...

The 10:30 divergence only showed on a 24hours time template. Using an equity hours time frame (9:30-4:00 EST) changes the whole set of parameters.

I read in a post in the previous journal that NPP uses an ADX > 30 (http://www.elitetrader.com/vb/showthread.php?s=&threadid=20761&perpage=6&pagenumber=2). At 10:35 this morning my 5min ADX(14) was around 39.

...and covered at 126.78.