There was several very good intraday aggressive LONG trade signals I saw. There were two good scalp LONG signals I had today, right as I also had a perfect NYSE TICK set-up.....both those trades had over 5 point runs. Both bulls and bears had opportunities for some coin today.Quote from manlycure:
If you don't get the CD divergence you want at a specific price/time, just choose another price/time, it's going to give you what you want sooner or later. My dad used to say - you can always run a straight line through any 3 points... if the line is thick enough
Ok, I'm just kidding, it was a good *long* day, leaving the shorting to the experts.
CD divergence @940:
AH to RTH open: -10k
RTH open to lunch: -20k
an hour after lunch: -10k
dinner time: +10k (back to lunch level)
CD momentum does seem to be to the downside tho.
D.
Inventory Grab Alert 4/30/09!
- Thread starter AMT4SWA
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The reason to not worry about the other inventory gap shown is the upper bracket of 48,000 will need to be neutralized before price can breakout. The lower inventory does not have that significance.....it is just there and nothing special about it (if this lower inventory gap is neutralized it will not cause price to breakout as there is still 48,000 above)
As for the rotational movements to the 947's, sellers will just add additional inventory from those better prices and then pull off other inventory entered from slightly lower prices. They will swap inventory to adjust cost basis while also somewhat building the overall size of their held position.
Quote from AMT4SWA:
The reason to not worry about the other inventory gap shown is the upper bracket of 48,000 will need to be neutralized before price can breakout. The lower inventory does not have that significance.....it is just there and nothing special about it (if this lower inventory gap is neutralized it will not cause price to breakout as there is still 48,000 above)
As for the rotational movements to the 947's, sellers will just add additional inventory from those better prices and then pull off other inventory entered from slightly lower prices. They will swap inventory to adjust cost basis while also somewhat building the overall size of their held position.
Thank you Sir. I was going to add in my post . . . "is it b/c just like you'd have that those 48K would dispose off of their lower priced inventory and hold on to their "valued" positions", so thank you for the confirmation . . . and the additional insight . . .
I used to track CD readings for NQ, but I switched to ES. I am not shure if it was my datafeed beeing all wrong, but my CD readings made NO sense at all when tracking NQ, compared to how it is tracking ES. Sometimes when conditions were really bad, it was like watching price of 2 different securities, if you know what I mean. They could, for periods of time, move in compleatly different directions.
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