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Just to follow on .... You would expect yesterday's sell-off given the circumstances, to trigger an equivalent run at the bid. Big as it was, it was not even the biggest run-off in the last five days at the bid. All adds up to a story that is not even paralleling the news. regards f9

Sadly, like all good things, there is nothing clever involved. It is the volume at the ask compared to volume at the bid. Either you subtract the bid vol from the ask ............ or you can create a ratio with the ask volume over the total volume. regards f9

ES Your horizontal lines are only giving you a part of the story. Some of them work when they work .. no more no less. It is vital to read the story and the story lately has included friday setups where the day closes up on the poorest bid-ask spread of the week, thus leading into a...

You can put a frock on the pig along with lipstick for all I care, it is still a pig to me. Private money will only buy into a potentially rising asset. Since the mortgage market is upside down then private money will either short it or leave it alone ... The only time PM will buy into it...

The losers are the 10s of millions of decent US earners and tax payers who are being burdened with the debt of the irresponsible lifestyles of others plus the ridiculous cost of military tourism. Now they are being faced with.... ...higher taxes to come ... a big downturn in their...

Exactamente empee ... a good post And here lies the core of the problem, the US economy is leveraged out beyond it's maximum servicing ratio......way way beyond in fact. And so, either the average household income needs an enormous boost or a rapid programme of de-leveraging needs to...

Life is full of funny circumstances. Jesus and Muhammad (centuries apart) condemned banking interest and therefore credit. Today millions of God fearing people who do not pay attention to the very scriptures they quote with such gusto, are up to their ears in debt. Self pity floods the...

Quite right and that is the beginning of an open-ended credit line to the so called big 3. Now the precedence is in place they only need top-ups from here on. Ok so now we have RE and autos on drop-feed. regards f9

US gov has cleverly placed a safety net under falling RE and saved the nation .. no no make that "saved the world" Good weeks work boys and girls now you can move on to.... ... saving the world from US auto financing ... saving the world from US credit defaults (card and revolving)...

If your Papa was clipped in Spain then there is a very strong possibility that a good number of English took a hammering as well. If you have'nt already done so, try to frame your google searches with this in mind. Good luck regards f9

Thanks for the entertainment on a Sunday morning, you are very funny. Traders are portable, they will trade what suits them and they hunt in packs (also known as liquidity) If for example a tax is imposed on trading US futures Indices, the pack will move to another instrument thereby...

IF, Oh dear, I see you are now deeply immersed at the frustration level ... good luck punching your way through it ... most people cannot and vent their frustrations in other ways. Like starting ET threads "poor little me, it must be someone else's fault" Harden up old son. Perhaps if...

On a slightly different tack. What importance (if any ) do you attach to the wheeze that the Chinese are still buying dollars in large amounts but in less obvious transactions. regards f9

Maybe Traders who are able to hoover tics from ES every session really just do not care what other people do, attempt to do, or say they do... why should they. I imagine that these Traders would agree that there is only ONE way to intraday trade and that is with the price waves that form...

I have found that the truth normally lies at 180º to the original statement ... the rest is just subterfuge. regards f9

I am not a US citizen, so let us get that out of the way first. For those who are...... You are being handed a final solution without options. You are being told that this is the best solution for ALL .... but maybe the best solution should not include ALL ... why should it. '09 is...

US needs to get to the bottom of CDS "challenge" before it can skid along the bottom, before it can lift itself in it's new shape and form. I rather feel that this is the reality and any bowing to fear will only extend the downturn. Be brave regards f9

fwiw ... I prefer the smoother flow of volume charts since they best represent the order flow. My opinion of tic charts is that they give equal weighting to every strike regardless of contract size which rather buggers up my approach. What I like about ES is it driven by big volume...

just to continue the ramblings before I melt into the ether. around 10:31 price hit an old friend (resistance) at 91.25 and despite throwing almost 30K at the adventure it failed at 92.00 Suddenly 8k lifted price to within one tic of 92.00 where a group of shorts were planted and it was...

Time for break. That was quite a ride started bit after 9:50 to around 10:10 ... bit like white water rafting grade4+ trying not to touch the canyon walls. Volume............... Volume is a clock that is constantly running in my mind ie 20K contracts and the price will still not...