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I find it extremely useful. IMO there are relatively clear lines in the sand on the TICK that help with a directional bias for the trading day. For instance, I won't touch shorts if the TICK is closing above +600, and I won't touch longs if the TICK is closing below -600. Similarly, the...

LF, do you keep an eye on the NYSE TICK at all?

Yeah, it will take quite a while to load at times. POP!

Weeee!

Nicely done.

That meltdown was epic!

It could be, I'm not exactly sure. Maybe someone could let us in on the big gag?

I think maybe one could interpret his posts as "Hey you, you can plan on going short around 1202.25, cause that's where I'm targeting to get out of my long" Just poking fun more than anything!

Exactly. The ego boost if I'm right isn't worth the risk of being wrong and sounding like an ass. I'd rather just occasionally say that I'm looking for something, and if I get it I will take a shot no matter what the direction is.

Haji you are pretty quiet all of sudden?????

Yeah my DOM wised up as well ;)

Yeah I'm starting to think that this 1280 isn't a glitch.... If we do open up there, we will be back above the daily TL that failed this week. We could see some inverted H&S action and another rip!

My Infinity DOM is showing an opening bid of 1280........1280!!!! Anyone else? I know it's WAY before open, but still I don't remember seeing the DOM listing a price that was super far off from the actual opening price...

Dinged.

I reduced by one, but was just 2 ticks from taking a b/e stop.

Long 7.25's, target 14.50's

I don't know whether to laugh or to cry.

Here is how I see this particular topic: I would say that it's more about horizontal channels over diagonal channels, but for the weak minded (like myself), some sort of confirmation is needed that the horizontal support / resistance is going to hold. That confirmation comes in the form of a...

We still have supports flipping to resistances so far, but that DB with the higher low could lead to a bigger bounce.

I have noticed this more recently than ever before. My eyes see the shoulder(s) as true support / resistance, and the head is the "test" to see if there is any orders or interest above or below. Good stuff!