black monday / panic monday
- Thread starter SethArb
- Start date
Quote from spindr0:
clambill,
All the technical analysis in the world means nothing when news hits. And news can be meaningless based on expectation (bad news can be good).
Just go with the flow
No entirely true. I have developed my own technical indicator: San Francisco Weather. If the SF weather is sunny and pleasant, the the market is up, and vice versa. Last few days it had been cold and rainy in SF, so the market is down. Today, Sunday, it gloomy and cloudy; so, there may be more selling to come.
Thanks a lot for the answer but just to clarify(and team up with jorgez' curiosity), I think you are saying it is not indicated on this particular chart but you have other software (perhaps your Ninja charts) that has some sort of buy vs. sell volume indicator that will likewise show ebbs and flows in the short as a % of the float statistic? I think I have something like that on Esignal but either can't find it or more likely, have to pay extra for it.
Either way, those extra 50k short contracts just serve to corroborate the technical evidence that we are heading down. As you said it is a rare occurence, is it something that generally accompanies the start of a trend or something that they who initiated the shorts might just yard off in the next few days in those funky algo ways that we will not even detect?
Is this one of those million dollar questions (or in my case, maybe $1200)?
Thanks again
I have seen AMT show how to read cumulative delta for the past 6 months at fulcrumtrader.com . It really is a terrific place to learn and especially lately being able to see his charts realtime. I personally have found it very helpful. One still needs to learn strategy, risk parameters, etc but being able to read the volume flow can only help in the journey imo.
AN EXTREMELY BUSY WEEK IS BUILDING UP, this week alone we have fed announcement and meeting, hundreds of earnings reports especially from AAPL, CAT, JNJ, MMM, AMZN, and MSFT. All major market movers, then on wednesday on top of the 2:15pm fed announcement we have Apple announcing one of its biggest announcements since the Iphone came out, the new tablet, no one knows for sure what it involves but I can say about 99% of the analysts out there and tech geeks are just going crazy over it.
As for panic monday, leaning towards less than a 1% chance of any possible major, major sell off. If anything I think there might be a chance of some buying in mondays session, after that earnings take center stage and news out of apple alone will move the entire market.
As for panic monday, leaning towards less than a 1% chance of any possible major, major sell off. If anything I think there might be a chance of some buying in mondays session, after that earnings take center stage and news out of apple alone will move the entire market.
Thanks a lot for the link, AMT really has it going on (as if you could not tell from SOME of his other posts, i.e. NOT the politics
Duh-uh-uh, seems as if AMT is not using Ninja at all and is using some other software. On that, if you have subscribed, do you have to subscribe to a specific software to have access to the delta volume indicators as i have esignal (and already paid for another 8 months so... Also, in your opinion, any benefit to joining the daily alerts without having the base of the delta volume analysis course?
Thanks so much!!
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hows retirement coming along?