Inventory Grab Alert 4/30/09!

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Quote from AMT4SWA:

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 775's or below pretty quick if no new initiated buyers come in here. :eek:
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HA! whats 100 pts among friends.

Thanks for the link.....the rate at which this thread is going...the levels discussed get mixed up.
 
Quote from SoCalTrader619:

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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Damn...I am half asleep today (I was up most of last night watching the market/positions and trying to finish up some trading projects).

You can see that "holders" from 875's on up to the low 880's just bailed on previously entered and held inventory. After a 24 hour run from the 923's to price right in their face, it was looking very non-optimal for continuing to hold. Upon nuetralization of that inventory we had a burst of short covering (sellers from above taking good profits) mixed with some new initiated buying. Now price is suspended in animation with a new fresh un-tested inventory zone just below us (882.50 to the 885's).....so now we get to see who will take control of price next after an amazing 24 hour move. :)
 
Quote from tradingbug:

HA! whats 100 pts among friends.

Thanks for the link.....the rate at which this thread is going...the levels discussed get mixed up.
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Its not really that bad until your start DREAMING of levels.......:eek:


:p :D

Hopefully as a young child, none of you would walk around telling people......"I see dead levels!" :eek:
 
Quote from AMT4SWA:

Damn...I am half asleep today (I was up most of last night watching the market/positions and trying to finish up some trading projects).

You can see that "holders" from 875's on up to the low 880's just bailed on previously entered and held inventory. After a 24 hour run from the 923's to price right in their face, it was looking very non-optimal for continuing to hold. Upon nuetralization of that inventory we had a burst of short covering (sellers from above taking good profits) mixed with some new initiated buying. Now price is suspended in animation with a new fresh un-tested inventory zone just below us (882.50 to the 885's).....so now we get to see who will take control of price next after an amazing 24 hour move. :)
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882.50 is the very bottom of the 882-885 long zone. Admittedly, my inventory measurement is still lacking, as I'm constrained to what can be "quant"ed.

D.
 
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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Officer on deck!.

Standing fast.

JW
 
Quote from AMT4SWA:

Damn...I am half asleep today (I was up most of last night watching the market/positions and trying to finish up some trading projects).

You can see that "holders" from 875's on up to the low 880's just bailed on previously entered and held inventory. After a 24 hour run from the 923's to price right in their face, it was looking very non-optimal for continuing to hold. Upon nuetralization of that inventory we had a burst of short covering (sellers from above taking good profits) mixed with some new initiated buying. Now price is suspended in animation with a new fresh un-tested inventory zone just below us (882.50 to the 885's).....so now we get to see who will take control of price next after an amazing 24 hour move. :)
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Amazing trade calls AMT... a marvelous one-man show.

What made you so confident about 924-927 holding? Did you read the buying to be of poor quality- weak bulls, short covering ?

The incredible dropoff from the 923's was so swift and rapid. Did you anticipate that as the PA you expected after a buying climax?
 
Quote from AMT4SWA:

Let's go tick down to 886.00 and below to see what we have for support here.....I want the test! :D
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Long zone 882.50 to 885 is thinning out (-6k). Check out positive CD div (+7k) on the double touch of 882.50 to see if it can be relied on... will know soon, right?

D.
 
Quote from manlycure:

Long zone 882.50 to 885 is thinning out (-6k). Check out positive CD div (+7k) on the double touch of 882.50 to see if it can be relied on... will know soon, right?

D.
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I see it... there isn't enough selling volume (yet) to take it out... but hard to predict, will it all of a sudden just flood the bid at 2 or 3pm? or will there be a weak rally out of the region...

I think it'll eventually get hammered today.
 
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