Inventory Grab Alert 4/30/09!

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Quote from AMT4SWA:

OK.....893.00 entries out at b/e on the high retest.....looking for new sell signals at higher pricing levels.:)
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OK....took an intraday aggressive sell signal here at 896.75 (there was no intraday delta divergence at entry). :) First targets at 891.75 price level.
 
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.
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AMT...
Nice combo approach...

Have you used your combo approach on highly liquid stocks as you do on the highly liquid futures...

thanks...
 
Quote from traderyin:

So where we heading you think?
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longer term? I don't know. I was just commenting on something I saw as price approached the 894 area and made a new high for the day.

889 was also a pivot area I had marked out over the weekend (the tan dotted line on my chart) which you can see has been a very nice support area today

edit: today's price/vol relationship has been very very clean
 
Quote from stoneface:

AMT, do you still engage in chatrooms during regular trading hours somewhere?
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I have been way too busy during the intraday action with other projects so not lately. Maybe in the future when I get a few things I am working on finished.
 
Quote from AMT4SWA:

OK....took an intraday aggressive sell signal here at 896.75 (there was no intraday delta divergence at entry). :) First targets at 891.75 price level.
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Additional level filled now at 898.00.....first targets now set at 892.75 :)
 
Quote from AMT4SWA:

Additional level filled now at 898.00.....first targets now set at 892.75 :)
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Only see a small short zone 898-900, next short zone above ~906-912.

-2c

D.
 
Quote from EdgeHunter:

AMT...
Nice combo approach...

Have you used your combo approach on highly liquid stocks as you do on the highly liquid futures...

thanks...
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I have done a fair amount of research with stocks and have built a "list" of the higher daily liquidity stocks that would work out well. So far though, I am busy enough with futures that I have rarely traded any stocks with my method (I did some trading of stocks when I was testing the criteria as applied to the listings I was tracking with good results).
 
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