Inventory Grab Alert 4/30/09!

Status
Not open for further replies.
Quote from Whisky:

Nice hold and score AMT.

Did you put 1/6 of your max or did you have chances (or added lower) to put closer to 6/6 of your max position before the bottom dropped out?.

Regards

JW
More...
I was able to get about 1/2 of my max size on in the 924's to 926.75 zone......the set-up at the time was looking pretty good.
 
I have started some selling as we approach the 894's this a.m. (have my first entry level at 893.00 so far). :) The 888.00 price level will be my first target.
 
Quote from AMT4SWA:

I have started some selling as we approach the 894's this a.m. (have my first entry level at 893.00 so far). :) The 888.00 price level will be my first target.
More...
OK.....893.00 entries out at b/e on the high retest.....looking for new sell signals at higher pricing levels.:)
 
Quote from AMT4SWA:

I have started some selling as we approach the 894's this a.m. (have my first entry level at 893.00 so far). :) The 888.00 price level will be my first target.
More...

Looks to me like MM's did a quick long squeeze @ 891.75 and ran stops below 891 before taking it to the upside to try & break resistance 894.

Seems bulls control order flow this morning overall.

This is the fight to make another "Lower High" on the chart.
 
Quote from AMT4SWA:

I know this by looking at the volume distribution from my experience with delta. I can see evidence that buyers of the lower 840's were compelled to thin out inventory as price rallied from their buy zone (up to a pivot high of 887.00) and then traded back down (to a pivot low of 862.50). The distribution of delta volume formed as price traded the 862.50 pivot area, and then 866.75 pivot area on the 30th of April shows me enough evidence. The distributions show me buyers from the next lower levels lost confidence price would hold (so they dumped inventory with the thought of at least locking in some profits on remaining positions entered from the 840's). The thinning out of inventory was probably done with the thought price WAS GOING TO come right on back down to lower 840's.

In regards to 862's from your question......yes, some bailed at 924's to 927's......and more will thin out on each failure of support as price drops back towards 862's again. Reading the delta volume distribution as this plays out is how I have gained my edge. I use this edge to determine what is or is not a significant zone to pay attention to.....this was developed over time through my experience with delta and auction market theory.
More...

If you had not seen the evidence of buyers dropping out, you would then be looking for your ~50% criteria upon tests of the 840s before determining the level was neutralized?
 
Quote from stoneface:

Looks to me like MM's did a quick long squeeze @ 891.75 and ran stops below 891 before taking it to the upside to try & break resistance 894.

Seems bulls control order flow this morning overall.

This is the fight to make another "Lower High" on the chart.
More...

Ahh.. here comes the bears. 889 to hold or not?
 
Quote from stoneface:

Looks to me like MM's did a quick long squeeze @ 891.75 and ran stops below 891 before taking it to the upside to try & break resistance 894.

Seems bulls control order flow this morning overall.

This is the fight to make another "Lower High" on the chart.
More...

bulls definitely ran out of steam on that run up
 

Attachments

Quote from Whisky:

Asshole nearby says that 900+ is just too juicy to not occur, and perhaps even near to 930 later this week?.

JW
More...

It's possible if bulls resume the uptrend after a "scare" break of the anchor uptrend channel.

Bulls need to make at least 1 HH first to give it some credibility. They are certainly having their share of problems at the moment
 
Status
Not open for further replies.
Back
Top