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Neither side is willing to commit; I have looked at a long here at 14 now for teh last few minutes but really just a guessing game to be honest right now. 5 point range in opening hour will probably mean a nice explosive movement sometime later, at least it's what I'm hoping. But neither side...

good scalps gmst but be careful, this is extremely low relative volume, only 200K in opening 45 minutes, breeding ground for indecisive movement and drains accounts like crazy.

volente, thanks for messing up the forum page width with a 1500 pixel wide image that shows a 400 pixel wide chart. Awesome.

1209 was not remotely the mode from Wednesday, 1205.50 - 1206 had that covered quite well. You need to get accurate profiles... This is the ETH profile but changing to RTH has no affect on the mode, though the value area high changes a bit. http://screencast.com/t/sbT2HLu40aS9

A pivot is a point about which something turns. When traders talk about the "daily pivot" for example, this is calculated as a potential pivotal area. But that's not what you're referring to. First, at the time you mention here, there is no significant volume. So let's get a common point...

No worries mate--that's why I mentioned it earlier today. Basically, below 16 there was nothing but air until 13, and even then still not really strong support. When you took your long, the location was not terrible, as there was good volume entering the market and buyers showed up...

largely in the balance from yesterday http://screencast.com/t/z6q2pdqK4vN

I am out 13 for +1.00 ... hate to do it, but next week I'll work on trade management. This week need to keep it nice and green going into the weekend.

Boy do I ever hate these trades where I almost know I'm gonna get stopped out, but I hate to close with only a 3 tick stop if it does happen to go in my favor. Tough situation.

long 12 stop 11.25, tight leash

Very interesting Lawrence, thank you..

Triple is old term, Quad is new term, same thing, on the HMUZ months on opex day. Double is all other opex days (8 of them) in the year.

http://www.stock-options-made-easy.com/quadruple-witching.html

lol, good enough for me :)

flipflopper and satchel, can you explain why it's going to go straight up? I am not familiar yet with the behavior surrounding options expiration, and is this different because it's a triple witching instead of double today?

Just what I needed to know, thanks flipflopper. This was not a planned announcement was it? Still no mention of this on marketwatch ... those guys are now putting an ad banner up in front of their news headlines at the top.. just what they need, even slower access to news.

either way, good opportunity and you took advantage of it Thank you

And there was an initial spike up? Is that odd, or am I a dope, or both? (don't answer that)

Beautiful

What just happened, world peace announced? Or is this opex madness?