Inventory Grab Alert 4/30/09!
- Thread starter AMT4SWA
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WOW.....I take part of the day off and you guys FINALLY jam it up to the next delta zone 924-927's (fricken textbook Auction Market Theory move to the next resting inventory zone). :eek:Quote from AMT4SWA:
Still holding some positions until I see the breakout move.......one more time up today with some solid initiated buying and I will just get out of the way and evaluate the situation. We are range trapped so far.....UUGH!
924-927 above is still the primary zone that I am watching.......this 911-914 zone has become an area of buyers exhaustion though and they just can't seem to get any continued initiated buyers up in this zone.
As we blasted up through the 912/913 area my last held short positions stopped out at b/e +1 tick and I did not get into the selling of the 924-927's zone. I will have to be ready to play Sunday evening when the globex opens and then into the EU open early a.m. Monday.
Once we charged that 911-914 zone again today, on VERY strong initiated buying, the writting was on the wall imo and short holders from that zone on up to 924-927's bailed for the day. Now we will have to see what Sunday night/Monday a.m. brings with the EU session open........Monday looks to be set up for some fun.
good analysis...Quote from AMT4SWA:
WOW.....I take part of the day off and you guys FINALLY jam it up to the next delta zone 924-927's (fricken textbook Auction Market Theory move to the next resting inventory zone). :eek:
As we blasted up through the 912/913 area my last held short positions stopped out at b/e +1 tick and I did not get into the selling of the 924-927's zone. I will have to be ready to play Sunday evening when the globex opens and then into the EU open early a.m. Monday.
Once we charged that 911-914 zone again today, on VERY strong initiated buying, the writting was on the wall imo and short holders from that zone up up to 924-927's bailed for the day. Now we will have to see what Sunday night/Monday a.m. brings with the EU session open........Monday looks to be set up for some fun.
also important to know that this is the one day a year there is re-balancing of a number of indexes - Russell and others... plus end of month window dressing.. on last trading day of May... so its usually bonkers.. on this day...
we had a normal distribution day going the whole day until the last 8 minutes... then boom...
Quote from AMT4SWA:
WOW.....I take part of the day off and you guys FINALLY jam it up to the next delta zone 924-927's (fricken textbook Auction Market Theory move to the next resting inventory zone). :eek:
As we blasted up through the 912/913 area my last held short positions stopped out at b/e +1 tick and I did not get into the selling of the 924-927's zone. I will have to be ready to play Sunday evening when the globex opens and then into the EU open early a.m. Monday.
Once we charged that 911-914 zone again today, on VERY strong initiated buying, the writting was on the wall imo and short holders from that zone on up to 924-927's bailed for the day. Now we will have to see what Sunday night/Monday a.m. brings with the EU session open........Monday looks to be set up for some fun.
Did you dump your prior holdings from this area or are you looking to aggressively add to them?
that move was ridiculous. Hoping this zone can make a stand!
Yes sir......that was "full tilt" initiated buying (with lots of short covering) right up to the next zone. The delta shows perfectly how buyers had full 100% control of the order flow all the way up to price hitting the 922/923 area as the cash session ended......previous sellers 927's and below just gave up and bailed today. :eek:
http://www.elitetrader.com/vb/attachment.php?s=&postid=2441398
I'm beginning to think there might be something to this cumlative delta after all.
No......all flat with no ES held inventory as my last 912/913 entries stopped out near b/e on the jam move through that lower zone. I will look to be a seller of the vacumn we have been left with, after the EU session opens and I see how their trading flows. If we can work our way up to the 925 area Sunday night I will take a look and see what I have to work with.
Yes that LONG divergence signal on the last run to the 877's area was pivotal. That was a strong divergence buy signal and buyers from that lower zone have carried their inventory now right back up to the 924-927's zone......the bulls scored on that move!Quote from rainman2:
http://www.elitetrader.com/vb/attachment.php?s=&postid=2441398
I'm beginning to think there might be something to this cumlative delta after all.
930 level was in my head from this morning.
(not my chart)
(not my chart)
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