ES Journal - 2013

Quote from ammo:

10 minutes before 3 til now the uvol,all that byuing absorbed along with the 10 30 am til close staying at 90-94 es,see what happens tomorrow but that looks like distribution
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I know you have explained this before but what is the meaning of distribution?
 
Quote from mastacoli71:

I know you have explained this before but what is the meaning of distribution?
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accumulation and the opposite being distribution... think about it..
 
a hns pattern is a setup for distribution,shorting of stock,an inverse is accumulation,buying of, the es was pushed up to the 90-94 area and the buying continued all day,but the es didnt continue going up, the last 10 minutes were 31% of the days volume, from 382 t0 511 uvol and it came in a point or 2,hence ,someone large was working a sell from 90-94 area,didnt get enough off and sold a lot on the close bringing the es down,very well manipulated ,normally that push of volume on the close for that trend day pattern would have run the es to new highs for the day,instead ,sort of a ledge but a 4 point instead of a 1 or 2,this is all conjecture til tomorrow when it proves to be true,at that point its a lucky guess,until it repeats itself several times accurately,was just pointing it out ,hoping someone who has seen it several times might chime in and confirm what will take several witnessed repetitions to confirm
 
Thoughts on NFP today: i reckon it will be bad, much worse than the market expects. The fed already knows this and that's why they said they said on Wednesday, "The Committee is prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes." Note the wording, "increase" was used first and then they said "reduce."

So i reckon the market is gonna be shocked into a sell off and then, maybe, it might come back when they think there will be increased money printing.
 
Market expectations:

8:30 AM ET. April U.S. Employment Report

Non-Farm Payrolls (expected +148K; previous +88K)

Unemployment Rate (expected 7.6%; previous 7.6%)

Average Hourly Earnings (previous 23.82)

Average Hourly Earnings Net Change (expected +0.2; previous +0.01)

Manufacturing Payrolls (previous -3K)

Overall Workweek (previous 34.6)

Overall Workweek Net Change (previous +0.1)

Service Producing Payrolls (previous +72K)

Government Payrolls (previous -7K)

Federal Payrolls (previous -14K)

Non-Farm Payrolls (Bench Net Chg) Private Payroll (previous +95K)
 
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