it was cumulative data from irt that a friend of mine has. it showed net short 40k contract divergence since the last time it was at that same level. but yet price broke through it, which contradicts what CD is supposed to show us....
Thanks for the insight, but what im asking is why even when 800 was sold for a measely 10 pts hard, it still broke through with it being net short 40k contracts...
AMT,
I'm also confused about the 800 level that we broke through yesterday even though we were net short 40,000 contracts.
How do we know that new buyers didn't come into the market or that peoples positions were simply hedged that allowed price to break 800 without having to neutralize...
Anek is the real deal. And his selflessness is legendary.
I'm just at a loss as to why he bothers firing back at rumors and puretick, but then again i'm sure i don't know the whole story.
-monday
Anek,
It was nice to see you pop in the ahg1 chat room today. Thanks for the quick lesson on reading reversals. I wish I wasn't afk so I could have said hello.
Cheers,
-monday
Please stay out of this PA journal, unless you can contribute to the overall enhancement of lagg-less PA trading.
We do not need any negativity here, we are all trying to improve and help others along the way.
Thanks,
For those who were wondering like I was...
Daily Pivots are calculated from previous day's high, low, close
and
Point of Control is price level of most volume. POC indicates an area of greatest market activity
Hope this helps some people!