Inventory Grab Alert 4/30/09!
- Thread starter AMT4SWA
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Quote from Whisky:
I will not fail by lack of trying. I assure you.
JW
No harm in trying.....Funny nonetheless!
Hypothetical trading:
3:10PM: SPY at 91.96. Short.
What do you think?
3:10PM: SPY at 91.96. Short.
What do you think?
Quote from AMT4SWA:
Well you keep the overall divergence in watch, but I also use initiated selling signals within the delta bars right at the moment I am looking to enter SHORT positions......in other words, I will not enter a short position into a realtime zero-lag forming positive delta bar.
And how about that positive CD div (+20k) at 915 with, hmmm, initiated sell bar?
D.
There was good initiated selling just after the second touch of the 915's about 10 after the hour (but the entry fill would have been bad unless you placed your SELL "limit" order up around 914.00 or higher. If you did that, you would have been filled on that last run up to the 914.75 touch.......so far that type of entry would be working out real good right now.
BTW, we definately saw that rotation up to the 915's touch, heading into the last part of the trade day here, cause a fair amount of short covering (from those holding positions from pricing levels just above the 915's expecting the late day breakout run......possibly back to the 924-927 zone).
The late day breakout did not happen as new buyers proved they were VACANT in the rotations as price approached the 914/915 area.
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