Inventory Grab Alert 4/30/09!

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AMT, incredible trade (and it's still running)!!!

Say you had missed the short entry opportunity yesterday in the low 920's. What do you do once the move is well underway? Wait for price to retrace back up to a zone (and if so, which one), sit on the sidelines until a later time, try to enter at current price, etc?
 
Quote from SoCalTrader619:

AMT, incredible trade (and it's still running)!!!

Say you had missed the short entry opportunity yesterday in the low 920's. What do you do once the move is well underway? Wait for price to retrace back up to a zone (and if so, which one), sit on the sidelines until a later time, try to enter at current price, etc?
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I would have to "get in" with a trend following entry after a short term bullish kickback on very weak positive delta......then when initiated selling returns to my entry criteria levels I would enter a short trade.


I have just covered 1/3'd of my remaining 926.75 short entries from several days ago here at 885.75..........my last two targets for these entries will be at 876.75 and last out at the 856.75 level. I am still holding remaining 922.50 entries with targets still in place as mentioned previously.
 
Quote from tradingbug:

Interesting day..... Outside bar with a substantial increase in volume on most indexes. Right on the test of the resistance Delta Zone. What else could one ask for to indicate failure? Lets take down 875!!!!
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Auction Market Theory says 875's TEST should be on deck.......lets see what we get. :)
 
Quote from manlycure:

I still have 882-885 as long zone (AMT has it as short zone??). Below 882, top of next long zone is 875.

2c,

D.
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I do not have that area as a short zone......we already traded back up through that area (which neutralized that weak zone during the rally run up to a 923.50 pivot high). Those areas below can only be long zones......areas ABOVE current price can be short zones and areas BELOW current price can be long zones. Below current price, as we look at the 885's to the 875's range of price, there are layered areas of resting inventory.....I do not see this range as a very strong support area imo (and the 879 down to 875 are nothing special :eek: ).

:D
 
Quote from AMT4SWA:

Auction Market Theory says 875's TEST should be on deck.......lets see what we get. :)
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Hope so......whats the zone for 875 and below area? Where the 870s will give up the ghost and make the probable test of the 50MA.
 
Quote from tradingbug:

Was that suppost to be 879 to 875? thanks.
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No....I was trying to get you all excited for more drop ahead......LOL!

JK...LOL....fixed now! :)

For your question above, read this page about the area BELOW the 875's............ http://www.elitetrader.com/vb/showthread.php?s=&threadid=162563&perpage=6&pagenumber=65

Also, we have the delta distribution from today going back to the last time we traded 875's looking real ugly for support here.......this could drop to 875's or below pretty quick if no new initiated buyers come in here. :eek:
 
Quote from AMT4SWA:

Also, we have the delta distribution from today going back to the last time we traded 875's looking real ugly for support here.......this could drop to 775's or below pretty quick if no new initiated buyers come in here. :eek: [/B]
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Is this referring to the fact that CD is already lower at these levels than it was at the 875 level? This would help us to confirm that those longholders from the 875 zone have already dumped their shares?

Also, did you mean 775 or 875 haha... that's twice
 
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