You guys remember the 820,840,860 buying?
It is showing up again at 860 area.
It is showing up again at 860 area.
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
Don't know.
They are size orders buying whenever there is size offer showing up ... across the index components. Especially true for NDX today.
Well, a very good observation. Today was another delayed ADU, about 1 hour behind the usual timeline. Since we didn't have enough time to finish the deal(this chart ends at 3pm altered time) in the normal time, we kept rallying after the cash close. Here is the altered chart, I cut off the first hour and we have the perfect ADU timeline:
10 am top
11 am -ish bottom (10:45)
12-12:30 midday top
1-2 pm afternoon bottom
rally into the close
I own an explanation for the aberration, I just wanted to wait if we close ABOVE the SMA, which we did.
I call it aberration ( or irregularity) when the technicals show something but because of unexpected (and several times not even related) news the market behaves differently.
For Friday I expected a so called SMA bounce and continuation of the rally. I meantioned earlier that until we close BELOW the SMA, the uptrend is intact. What happened last night was an aberration, we had 2 bad news, one even unexpected and that took down the futures for good. But the market wasn't meant to go down by the technicals, the SMA was supposed to provide support.
So that's why happened what happened today, if one was short overnight, he should have recognized it as LUCK and should have covered it (and even switch to long.)
Today was actually an ADU we just started out from so low that it was hard to see...But you can draw a sraight line between the open and close and it was a zig-zagging 30 points up. (and I don't count the pre-open ups)
What I do with aberrations is that I make a mental note why it happened, but try to look at the chart like if it wasn't there. If you look at an old chart and you don't remember what happened on that particular day, it is hard to explain why the chart isn't "perfect" but knowing the reason helps to explain the irregularity...
I call it aberration ( or irregularity) when the technicals show something but because of unexpected (and several times not even related) news the market behaves differently.
For Friday I expected a so called SMA bounce and continuation of the rally. I meantioned earlier that until we close BELOW the SMA, the uptrend is intact. What happened last night was an aberration, we had 2 bad news, one even unexpected and that took down the futures for good. But the market wasn't meant to go down by the technicals, the SMA was supposed to provide support.
So that's why happened what happened today, if one was short overnight, he should have recognized it as LUCK and should have covered it (and even switch to long.)
Today was actually an ADU we just started out from so low that it was hard to see...But you can draw a sraight line between the open and close and it was a zig-zagging 30 points up. (and I don't count the pre-open ups)
What I do with aberrations is that I make a mental note why it happened, but try to look at the chart like if it wasn't there. If you look at an old chart and you don't remember what happened on that particular day, it is hard to explain why the chart isn't "perfect" but knowing the reason helps to explain the irregularity...
- Status