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looking over at dow, its support held beautifully, while NQ and ES dipped below theirs

Hard for me to play this, bulls now show strength, but will bears take it down again, after all they're in charge so far... bleh

damn, out BE :-( edit rather 32.75, at least I got a tick

shorted 33

held beautifully first time, blew right through second time!

lots of reasons to buy 34.25 - 35 Yesterday's close, good support a few hours ago, yesterday's VPOC, and 50% of move up to the tick.

I am looking for a short now, but entry point could be challenging. Have a sell order at 46.50 but seems like a long way from 43 at the moment

I know this is a few minutes later, but if you connect the lows precisely, I think it shows a nice break from the open http://screencast.com/t/6yIzKaLtxRFd

we stopped at 54.75, which was the high 7 days back, and what looks like the left shoulder of a massive H&S. Bears obviously want to keep it below that point, will be interesting to see if they do.

Yes I was wondering about that spike, thanks V.

So we had a nice clean 20 handle move down during the asian session, and now a 40 handle move up during london -- honestly what do you think the odds are that we just rotate around during RTH? Pretty high IMO though I certainly hope not.

As I think about this more, here's what I come up with. Money flow is defined by WSJ as dollar value of uptick trades minus dollar value of downtick trades. So, a negative money flow on a rising stock simply means that there is more market selling going on, and the bids are holding well...

I've been meaning to ask ammo--with these numbers, what we're seeing is: stocks that are up that have the largest outflow stocks that are down that have the largest inflow However, what about stocks that are up that have inflow, and stocks that are down that have outflow? So when I...

Shorter thrusts down here with low 1 tick above yesterday's low.

http://screencast.com/t/OdC9uBYC longer term support potential, same area as I mentioned two weekends ago, different chart

Well, this is quite a move down -- 17 handles in just over 3 hours. Quite impressive -- wish we had gotten this much movement in RTH! As I was typing two posts ago, price was at 26-27, and I mentioned that another visit down looked probable. So why didn't I just take a short? I would have...

Just dipped one tick below the prior low to 22.75, one tick above my original buy order. I am not convinced this is the bottom yet, for while the selling looks a bit dried up, the buying is not really commencing as I think it should.

Well, it stopped at 23.00, and looks like after a 4 point rebound up that it may want to retest. So, if it breaks 23 I have a sense that it will want to go further south than 22.50. And I'm unsure whether I want to buy around 24 or not. Will watch and see... either way pulling the 22.50 buy.

I will buy at support here, at 22.50, stop at 20.00, looking for a rebound up overnight

bigsnack, no trades for you today my friend?