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ah, spt = support .. got it :)

spt?

Also we have no planned economic numbers of any significance until Thursday morning. Something unplanned can come out, and as always I will try to follow what I see; however, logically I would not expect huge moves until the market proves itself otherwise. If I'm in a profitable trade in this...

about 25% less volume today so far (blue line) than 20 day median (black line) ... failure to break through IB high and y-high... hints at continued range activity. http://screencast.com/t/TDn0JvTt03Z

Is it any wonder we are in this range? http://www.elitetrader.com/vb/showthread.php?s=&postid=3407090#post3407090

Another excellent article explaining the basic process of how an opening price is calculated. http://www.optionsatoz.com/classes/freeclasses/exploringtheworldofinterestrates/howistheopeningstockpricedetermined.aspx

Thanks fishing, this is more along the lines of what I'm looking for. I found this after reading your post and changing my keywords for search a bit: http://finance.kampungtalk.net/2008/01/who-decides-opening-price-stock-how-does-pre-opening-work

ET mods: your server's clocks are again 2-3 minutes slow, FYI.

I have a question regarding the open, which takes place in a few minutes. Right now I see this, which is basically saying the market is at 75. http://screencast.com/t/LokbjcXduIH What determines that the market is at 75? After the auction process begins and is ongoing, if I offered...

whew! I do not like hat. Have a great weekend everyone!

How about, you trade a $5K sim account with 1 contract until you double it to $10K? No resetting, no cheating, only 1 contract per trade. If you get down to $2K, keep going. Don't blow the account on purpose. Once you blow it for real, then you get to start over at $5K again. What do you think?

The picture of a market in balance. (weekly shown) http://screencast.com/t/ThxS7j94FQ

If so I will eat my figurative hat! (edit: assumed you meant today only of course, hat not on the menu after 4:15!)

lol, I understand, and admire your spirit :)

My guess is they will try to settle this by 4:15 at 73 or 75 for a daily and weekly doji.

Or quite negative as well. Given the ambiguity, I won't give benefit of the doubt... Either way, it's a decent amount of heat for a trade that was never really in the green. But to each his own right? Either way, emg did quite well some days, so I'm sure he's making tons of money, infinitely...

Hope you weren't trading 100 lots on this loss (as volente alluded to you trading 100 lots yesterday).

Feels like "account drainer" action boys. Could surprise with a breakout move, but a pretty balanced distribution, slightly negatively skewed with a ledge at 74 but I don't know what would make it break out of balance today. That being said, I will try to jump on if it does. No large time...

75.50 is weekly VPOC, receiving lots of attention here

Did not get in, will wait on this for the big boys to show their hand.