Inventory Grab Alert 4/30/09!

[Whisky]

Quote from Ken More:

I didn't know you were a loser until you told me in a pm. Your posts that I read didn't give me that impression. I merely responded to what I thought was a disrespectful post possibly aimed at me- I wasn't sure, in a pm.



I'm a curious person... that's how I learn.

That's funny. I knew you were a loser and a liar all along.

JW

 

[tradingbug]

Quote from Whisky:

That's funny. I knew you were a loser and a liar all along.

JW

LOL.....Im glad not everyone sees any value in CD.

I had resistance in the 924-927 range, saw some nice Delta divergence trades this morning.

Was in before the downdraft started

Now we auction back down to the 885s!

 

[Whisky]

Quote from tradingbug:

LOL.....Im glad not everyone sees any value in CD.

I had resistance in the 924-927 range, saw some nice Delta divergence trades this morning.

Was in before the downdraft started

Now we auction back down to the 885s!

I'm glad you found value in it. I can only struggle with it.

How did you avoid all the failed divergences to the last one that obviously worked?. Or did you just take losses?.

JW

 

[nirav34]

Quote from Whisky:

I'm glad you found value in it. I can only struggle with it.

How did you avoid all the failed divergences to the last one that obviously worked?. Or did you just take losses?.

JW

Why are you so hung up on the divergences? We've talked about 24-27 for so long as NET Shorts. Shorts loaded the truck all day yesterday, and today delta confirmed it when it traded to 26s. I agree with TB, now will have to see what CD does with 884 longs. Game on!

 

[Whisky]

Quote from nirav34:

Why are you so hung up on the divergences? We've talked about 24-27 for so long as NET Shorts. Shorts loaded the truck all day yesterday, and today delta confirmed it when it traded to 26s. I agree with TB, now will have to see what CD does with 884 longs. Game on!

You have to enter somewhere and define your risk/stop somewhere. Everybody can see a move after it happened.

How and where did you enter and what was your stop?.

JW

 

[tradingbug]

Quote from Whisky:

You have to enter somewhere and define your risk/stop somewhere. Everybody can see a move after it happened.

How and where did you enter and what was your stop?.

JW

Draw 2 horizontal lines at 924 and 927. Go back since early May. You will notice that this area is a highly reactive zone.

Yesterday afternoon we consolidated and CD started trending down in the late afternoon.

The rest is history

 

[Whisky]

Quote from tradingbug:

Draw 2 horizontal lines at 924 and 927. Go back since early May. You will notice that this area is a highly reactive zone.

Yesterday afternoon we consolidated and CD started trending down in the late afternoon.

The rest is history

Anyone can draw lines in history books. Any short trades from yesterday afternoon with a tight stop were blown this morning. Timing is everything.

JW

 

[Insearch]

Quote from nirav34:

I agree with TB, now will have to see what CD does with 884 longs. Game on!

I think there are sizeable longs in the 900s and 890s to deal with before we get to 885s . . .

. . . then again some might say that 5-15pts is "splitting hairs"

 

[Insearch]

Quote from Whisky:

Anyone can draw lines in history books. Any short trades from yesterday afternoon with a tight stop were blown this morning. Timing is everything.

JW

I agree with you . . .

This method can work, but you need to have $$$ to be able to rotate positions several times, until you get it right . . . . and have the ball$ to sustain the loss if you don't . . .

 

[nirav34]

http://www.charthub.com/images/2009/06/30/Untitled_1.png

Zone formed yesterday. Today we test it, knowing 27-24 is net short. Take your position between 24-27. CD doesn't neutralize that zone, it bounces from the bottom end of the zone. So shorts hold it, and down we go. Just before the drop you had price moving lower on positive delta, you could see this supply in footprint chart. From what I have observed in weeks is that CD really shines at the open if you are trading intraday, you know early which side has the control. I have posted these charts back a few pages.