Inventory Grab Alert 4/30/09!

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Quote from veggen:

What if you see a nice div. play, would you not take it in the "middle of the road"?
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ONLY trend following in the middle of the days range with an established trend (like today). :)
 
Quote from AMT4SWA:

Always be cognizant that we had roughly 48,000 net short and the 925/926/927 (core of net short inventory) area had their inventory +20 in the money.......price trading back to that area after the LOD pivot had many pulling off heavy inventory (EOD short covering rally) into the close. Now the sellers "rang the til" nice today, and they have increased liquidity to play with again tomorrow. :)
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Thanks for the tip!
Probably should not have tried twice shorting that play. After that first play failed, I should have realized there was short covering going on. Besides the move up was so strong with so much vol, it was like trying to stop a train going full speed.

You had the div. there as well, or was there only one on my chart?
 
Quote from veggen:

Thanks for the tip!
Probably should not have tried twice shorting that play. After that first play failed, I should have realized there was short covering going on. Besides the move up was so strong with so much vol, it was like trying to stop a train going full speed.

You had the div. there as well, or was there only one on my chart?
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Yes I saw it, but the delta was very postive showing solid buying conviction within the order flow.......steamroller territory on that action. :)
 
Quote from AMT4SWA:

ONLY trend following in the middle of the days range with an established trend (like today). :)
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There were several really nice div. short plays like this you describe here today!
 
Quote from AMT4SWA:

Yes I saw it, but the delta was very postive showing solid buying conviction within the order flow.......steamroller territory on that action. :)
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I guess I started dancing to soon.

Lets see if we can get that breakdown in the next couple of days....otherwise, still possible continuation of uptrend and breakout of 950. :mad:
 
Quote from AMT4SWA:

Yes I saw it, but the delta was very postive showing solid buying conviction within the order flow.......steamroller territory on that action. :)
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AMT, could you possibly post a chart describing this point?
 
Quote from veggen:

Hey AMT, when price first retraced back up to 27,5, after beeing down at 23. - Would you have taken that short from pivot 27,25, when price failed to go back up to 27,5 and CD readings beeing really bearish?

http://www.sierrachart.com/userimages/upload_2/1244062933_30_UploadImage.png
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That entry would be trend following but also knowing you are selling only about 3/4 points above what was tested support for the day at that point. You could sell it, but be ready to bail if the 23's hold again.

Selling the 32's area as trend following on the way down was a good signal today......that area had a couple of opportunities.
 
Quote from AMT4SWA:

That entry would be trend following but also knowing you are selling only about 3/4 points above what was tested support for the day at that point. You could sell it, but be ready to bail if the 23's hold again.
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Yeah thats a good point!

Thanks for answering all of my questions tonight, I really appriciate it :)

Nice trading lately btw, as ALLWAYS!! :D
 
Quote from tradingbug:

I guess I started dancing to soon.

Lets see if we can get that breakdown in the next couple of days....otherwise, still possible continuation of uptrend and breakout of 950. :mad:
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Hey, today was a very good day.......27's got wacked (near term support now down a bit lower from today's action) and the bears have fresh earned liquidity.....it is still their bus to drive at this point. :cool:

.....so keep dancin!!! :p :D
 
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