Inventory Grab Alert 4/30/09!

[AMT4SWA]

Quote from AMT4SWA:

Another level filled at 920.00......targets now set at 915.00

921.00/920.00's out at 920.00.....holding all other levels for first target at 917.50

 

[ivanbaj]

Move stop to 922. Now only 1/2 point on the line.

I am very skittish. Extremely.

 

[ivanbaj]

Move stop to b/e phew

 

[jjf]

Quote from AMT4SWA:

921.00/920.00's out at 920.00.....holding all other levels for first target at 917.50

Why did you close out your short when there was a trend change in your favor around 10:44 ish
jjf

 

[tradingbug]

I recall AMT saying that there were net short holders who may defend there position 924 and up. I will have to back further in the thread to find it...... i suspect he is looking to swing the bat at a high prob area looking for another move down to the 875s if the previous net holders defend their positions successfully.

 

[ivanbaj]

Something wired juts happend on the 10 year note. Be alert now.

 

[jjf]

Quote from tradingbug:

I recall AMT saying that there were net short holders who may defend there position 924 and up. I will have to back further in the thread to find it...... i suspect he is looking to swing the bat at a high prob area looking for another move down to the 875s if the previous net holders defend their positions successfully.

thanks TB, great post. If you can further this explanation it would be terrific.
jjf

 

[AMT4SWA]

Quote from AMT4SWA:

Another level filled at 919.00

Covered 1/2 of my 919.00 and all 917.50 entries at 917.50, and also 1/6'th of my 922.50 entries. Next targets at 914.00 and now holding my highest level from within 1 point of days HOD.


Hey Edge.....here was 5/18/09 price and CD.......... http://www.charthub.com/images/2009/05/20/ES

 

[manlycure]

Quote from tradingbug:

I recall AMT saying that there were net short holders who may defend there position 924 and up. I will have to back further in the thread to find it...... i suspect he is looking to swing the bat at a high prob area looking for another move down to the 875s if the previous net holders defend their positions successfully.

If I'm not mistaken, deep pocket shorts are no match for deep pocket longs. The bears partied for over a year and a half now and it must be a lot of fun for the bulls to blow them out of the water with every swing higher. Inventory zones and R/S technicalities aside, how can anyone accurately predict when the fundamentals render a judgment that it's time to turn back south?

D.

 

[ivanbaj]

Move stop to 918.5 for 3 points. Not looking good right now. It is a news day = range day. Trade the edges again. Tough day.

P.S Hey I am still in. The 918..5 did not fill. Move stop back to 919.5 Let's see where this goes.

P.S 2 move stop back to 918.5 locking 3 points. It is still going. 916.25 right now looking good.

I am out at 917.25.