Inventory Grab Alert 4/30/09!

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Quote from nirav34:

Here's the problem I saw today. We broke through 889 and delta didn't follow along with price. How do you interpret this?

http://www.charthub.com/images/2009/05/22/Untitled_1_3.png
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Right.......end of day, buyers were not at all willing to play at this point. Sellers drove price back down towards the bottom of the current range with minimal (order flow) opposition. This is nothing uncommon at all actually.....buyers making a stand going into the weekend (market closed) after they just failed again to bust through 894/895 range resistance, was not a probable event. Prices will drop fast when there is no buyers willing to buy the middle of the range pricing levels.......thus price settled fast into todays close (buyers gave up for now).

Context of recent price action is always very important as you analyze price/volume data. :)
 
Quote from riskfreetrading:

delta crappers: if you got knived at 12:10Pm, and 2:59PM trading the SPY (today May 22), know that god's hand was involved. Time is Eastern time. Note that you were clueless about what was happening as evidenced by your posts! :p

Watch out! He hits when and where you ain't
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Your REALTIME 5:56 PM calls are amazing!!! :eek:

:D :D :D
 
Quote from MidKnight:

I know this wasn't directed at me, but in the interest of stimulating conversation in a very unusually civil ET thread, I will give my answer to this. I am not a large trader, but I do think large traders trade totally opposite to small traders like me. So with that in mind.....


No, I would not be a willing buyer. To bail out of a big position like that would make the market move further against them. I think they would trade more like we see AMT trading. Adding more shorts, thinning out the lower held prices.

With kind regards,
MK
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I know what you are saying, but the point I was trying to make is this.....lets now say your SHORT 1000 lot held inventory is now 5 points against you.......now 7 points.......now........

At some point you get forced to be a very willing buyer (you become the weaker hand). :)
 
Right I see this happen over and over again. So I guess you have to look at several days and determine where today's CD stands, is that what you're saying when you say put it in context?

So I have been looking at the volume by price for a one year timeframe (ES) and I see next major level to be 822s, if buyers at 76s convert, agree? That's what I see actually for the next distribution.
 
Quote from nirav34:

Right I see this happen over and over again. So I guess you have to look at several days and determine where today's CD stands, is that what you're saying when you say put it in context?
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What I am saying is only this.......would you be willing to buy the price run down off another failed attempt to bust through 895's going into the EOD/weekend?

What I am saying is that with miminal buyers willing to buy, price will have extended drops on minimal negative delta (showing you there is low opposition within the order flow running price down.....buyers are not challenging the move).
 
Quote from nirav34:

So I have been looking at the volume by price for a one year timeframe (ES) and I see next major level to be 822s, if buyers at 76s convert, agree? That's what I see actually for the next distribution.
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There are some zones of supply once we break down through the 881-877's zone in the 840's and 830's first (before the 822 level you have).
 
Quote from AMT4SWA:

..buyers making a stand going into the weekend (market closed) after they just failed again to bust through 894/895 range resistance, was not a probable event.
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It was a CERTAIN event, known before it happened. Reason: the market had only one degree of freedom and that was down.

You need to understand how the market works. You think you do. Profit from this insight while I am still around.

Go back to that event that you considered not probable: it was impossible for the market not to move down, because the market never lies. Try it :p
 
Quote from AMT4SWA:

Your REALTIME 5:56 PM calls are amazing!!! :eek:

:D :D :D
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You got problems understanding english. How could you be credible in your understanding of the market. :eek:

PS: some ET members received some real-time calls in their PM boxes. They are smiling now. :p
 
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