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it`s actually very relevant.

in `98 myself & a group of guys i traded with started noticing unusual behavior at critical inflection points on the S&P charts....monster lots coming in on the spooz bid while the market was in free fall.......no whale or institution was going to come in & save the market & catch a falling...

you think so,huh............i remember back in the late `90`s when everone called PPT a ficticious fabrication of ones imagination or in your words a conspiracy theory............just remeber anything is possible....especially when it comes to large sums of money.

sharp reaction off area 51 is proving to be significant & a possible line in the sand...........dow cah 650 as well....would`nt surprise me to see a sharp sell from here.

we all know "how" it`s supposed to work.....the question is does it???

TM........LOL Bruce......i know what you`re saying regarding algorithms but when it comes to large sums of money,nothing would surprise me.i sat at 1512.25 for over 2hours off that diamond formation,from the previous swing lo,& i dd`nt bother to check how many traded there because it made me...

but was able to catch the swing hi at 46.25......

it`s more discipline than greed being that the trader could be working off of a strict 3 tick stop where every tick matters....& staying in compliance with their R/R parameters....especially in that situaution where his limit was set to buy in a falling market at that point in time.i don`t...

thanks B1......

good day to have taken off......typical summer monday..

villiage idiot,FYI...volitility is a gift that any trader hopes for.....volitility is synonymous with opportunity....it`s INVESTORS like yourself that despise vol because you can not trade & anything that does`nt appear to be a slowly climbing market scares you..it`s obvious you`re ignorant but...

interesting observation B1........are you basing this solely on the RSI divergance,daily/weekly & would a new hi on S&P cash negate this "turn" & change your observation or actually provide a lo risk/ hi R/R scenario?

small pre market trade & that was it....not much opportunity unless you were able to fade the hi......nice call Apex.

you really should`nt be doubting people that are willing to share anything.....not cool TM.

small size on spike.

wacked on crude for -$1350........otherwise would`ve been a good day without that.

great post gnome.......as well as OC,TG & Maverick..........very easy to tell whom actually trades here & whom the investors are by reading quality posts like these.

going to be an interesting run at the hi`s here..........dow cash 600-610 may come into play as R.

1999 posts of worthless smack..........& still posting. btw...what "trade" do you keep referring to me as being on the wrong side??? let`s make it an even 2k posts of smack....shall we....

also remember that the rule of 10 x 3.......from yesterdays lo of 12.25....to......42.25. rule of 10 or ( dow cash...rule of 100) works in doubles & triples on big moves. that`s an old measurement rule that has been around a long time now.