Inventory Grab Alert 4/30/09!

[AMT4SWA]

Quote from tradingbug:

Yes....thanks for the great charts.

No problem Tbug.....how is everything?

 

[foreverstudent]

AMT, thank you for the charts. They are really helping me develop a feel for reading AC. And understanding potential short falls and strong points of its use.

 

[AMT4SWA]

Quote from manlycure:

Thanks for the insight. The inventory doesn't look like much at the low 840's (previously posted 4/28 chart). There's an earlier pivot in this zone on 4/22, would that add up to the 4/28 reaction?

I went back to 4/23 (see chart) and marked the pivot zone, each subtic is 3k delta contracts (cyan/magenta OHLC is CD, green/red OHLC is price). There's more inventory there (if I follow your method of calculation as I understand it) tho nothing exceptional.

There's quite a bit more inventory in the low 820's from early April.

D.

Yes both areas from 04/21/09 & 04/23/09 will have combined resting BUY inventory at 831.25 up to the 834's, and I do agree the 823.00 to the mid 820's is another VERY GOOD support zone below that.

 

[manlycure]

Quote from AMT4SWA:

Yes both areas from 04/21/09 & 04/23/09 will have combined resting BUY inventory at 831.25 up to the 834's, and I do agree the 823.00 to the mid 820's is another VERY GOOD support zone below that.

Looks like you're going to collect on the 5 pt trophy while sipping AH session margaritas on that 904.50 (and up) short. My DB doesn't go as far back to show price levels above 870 unfortunately. Is 905 at a short zone from an earlier pivot or something else?

Cheers to that 5 pointer.

D.

 

[tradingbug]

Quote from AMT4SWA:

No problem Tbug.....how is everything?

Hanging in there and learning by osmosis as usual.

It looks like the shorts of that inventory grab last week folded their hand.

Its been quite a rally...unfortunately, we might have to test the 200 MA before rolling over. I wont complain if we roll over earlier though.

anyway, hope all is well with you and keeping an eye on that gold chart.....holding up pretty well.

 

[rainman2]

I put a chart together that shows delta for es, nq, and ym since the beginning of the year. It would seem that all indices delta confirmed the break out today with ym the strongest of them all and es lagging behind with at least a short term divergence. Ym has surpassed its January high delta, so I guess dow 9000 is on the horizon. Thoughts?

 

[SoCalTrader619]

Quote from rainman2:

I put a chart together that shows delta for es, nq, and ym. It would seem that all indices delta confirmed the break out today with ym the strongest of them all and es lagging behind with at least a short term divergence. Ym has surpassed its January high delta, so I guess dow 9000 is on the horizon. Thoughts?

Nice chart! Just wondering.... how do you have data going so far back? Using IQFeed I only have access to 30-days of historical data.

 

[rainman2]

Quote from SoCalTrader619:

Nice chart! Just wondering.... how do you have data going so far back? Using IQFeed I only have access to 30-days of historical data.

I use sierra charts which allows you to build continuous contracts with tick data

 

[AMT4SWA]

Quote from manlycure:

Looks like you're going to collect on the 5 pt trophy while sipping AH session margaritas on that 904.50 (and up) short. My DB doesn't go as far back to show price levels above 870 unfortunately. Is 905 at a short zone from an earlier pivot or something else?

Cheers to that 5 pointer.

D.

Filled on first targets at 899.50.....next targets at 894.50.....so far so good.

905.00 was a level I was tracking from the sell down run......it was also a level that just happened to be "in play" by some traders in the PIT.

 

[AMT4SWA]

Quote from tradingbug:

Hanging in there and learning by osmosis as usual.

It looks like the shorts of that inventory grab last week folded their hand.

Its been quite a rally...unfortunately, we might have to test the 200 MA before rolling over. I wont complain if we roll over earlier though.

anyway, hope all is well with you and keeping an eye on that gold chart.....holding up pretty well.

Remember we talked about the 905.00 level before......well we finally made it so the area above here is going to be very interesting (up to the 940's).

Yes the sellers gave them up and we definitely had the typical 5 to 10 point range extension beyond that previous zone of held short inventory (after the 883 to 885.75 zone bust). The funny part is that we are currently ONLY 230 points off the years LOW......that ain't much.......LOL!

QM LONG trade has been good and yes, always watching DA GOLD!