Expanding triangle from the bottom at 13:30
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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exit 06.25
Kudos to you!
Frankly, this market scares me. What's the reason for being so euphoric that we close near the HOD when we all know that the job number will be horrendous tomorrow? Tell me I'm not the only conspiracy theorist around here. When the big boys go on a buying binge at the end of the day like today, I'm usually suspicious of Uncle Sam having "secretly" leaked some info to their buddies on Wall Street.
Here's a case in point. Nobody knew why there was a large buying activity towards the close on the day prior to the AIG bailout. Well, by the next day, it became rather too obvious.
Quote from saliva:
No need for me to remind you where we're trading. Boy does it feel like 2006 all over again. I don't think I want to go back to that snailass pace trading.
Amateurs open the market, pros close it.
WHATYAKNOWBOUTDEMTDAYBOYZS?
From another forum:
For what it is worth, the same thing happened in the S&P E-Mini
today. I wasn't watching TWS but I also use ButtonTrader and saw
some huge sizes flashing in the market depth. And just like you
mentioned, price actually went that direction.
I have seen this in the past and knew to wait to see if anyone hit
it. Sometimes the size will disappear the first time any significant
size is traded against it and other times it just flashes in and
out. I think they are trying to get people to lean on it and end up
going the wrong way.
--- In e-mini_traders_ anon@yahoogroups .com, "bearcat348"
<douglas.rusk@ ...> wrote:
>
> Today I saw some unusual bid and ask sizes going on on the NQ. I
> actually at first thought it was a data error but I also saw it on
my
> buttontrader platform in the market depth. It would only flash for a
> second or two and have no actual big volume trades associated with
it.
> Maybe an error at the exchange? Maybe this is really big buying or
> selling or maybe just manipulation. I posted the pictures of the
single
> tick chart on my blog, click the link below to see them. I am not
sure
> how to attach pics to this posting. In the first picture it almost
> fooled me and I almost went short here. It looked just like some
firm
> resistance and it had just made a nice runup. It immediately punched
> through this price and went up another 40 points! It was hard to
take
> that trade as it had just gone up so far. The one below that looks
like
> support and what happens, it immediately goes down. Would anytone in
> this group care to commetn on what the big ask and bid size might
be? I
> cannot explain it. It does not sureprise me though as I cannot
explain a
> lot of things I see on the tape.
Quote from Pekelo:
SPX <font color="green">+3.08 </font>
....barely so, after a late hurrah, but you called it right.
An "astro" trader said to look out for a big move and change in trend on January 9th and February 9th - did not specify move up or down. Normally, I don't pay much attention to 'astro' and other abnormal trading stuff but this trader is hugely successful....
The thing is, what is the trend? Today was a Doji, the day before a selloff, but before that we were going up, so which one would be changing??? We are sitting on the SMA, right in the middle...
The Bradley Sideograph has these dates for changes:
1/20-21, 2009 (this agrees with my Obama inauguruation selloff)
2/8-9, 2009
6/3, 2009
6/26, 2009
7/14-15, 2009 (important)
9/14-15, 2009
10/22-23, 2009
11/9, 2009 (important)
Is that an IHS setting up in ES ?
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