Inventory Grab Alert 4/30/09!

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Quote from AMT4SWA:

If buyers show there hand as unwilling to buy these levels, sellers will come into this market. :)
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You know very well that all customers' dreams and orders must be full-filled first.

And as the majority in this thread is short as well, they will get what they want out of the market...as usual.

JW
 
Quote from SoCalTrader619:

I understand that. I was just using it as an example. I'm watching small timeframes to see all the divergences play out and hone my skills. PRACTICE ONLY! I would never trade all the small scalps because I'd be reversing every couple of minutes. Here is the same example from yesterday morning before the huge move up. I'm just trying to figure out what it means when CD makes a lower low, yet price can't seem to do the same.
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That chart example was trumped by the bigger multi-day LONG divergence that was in play as the 877's held for the rally.

From your chart example, the return back again towards the 877's in the AH session probably caused more held long inventory to bail....in the reactionary fashion as shown by the drop in delta (with the thought 877's were going to bust out soon).
 
Quote from SoCalTrader619:

And the selling would gain momentum as all the longs from yesterday start to ditch their positions.
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what is your CD showing you in this moment

sosueme
 
Quote from sosueme:

what is your CD showing you in this moment

sosueme
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My interpretation is that neither the bulls or bears are in control. There really hasn't been a decisive amount of intiated buying or selling today. Seeing as though price is still in the 911-914 Short Zone, my bias is to the downside until I see some MAJOR intiated buying realtime, in which case we head higher to the next zone around 924-927.
 
Quote from SoCalTrader619:

My interpretation is that neither the bulls or bears are in control. There really hasn't been a decisive amount of intiated buying or selling today. Seeing as though price is still in the 911-914 Short Zone, my bias is to the downside until I see some MAJOR intiated buying realtime, in which case we head higher to the next zone around 924-927.
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Interesting, your bias is short and yet the price is biased to the long side.
I do agree I want to see price move away from the channel formed around the rth open today before the next move is evident.

Do you ever buy into a rising market or do you only short it.

sosueme
 
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