Inventory Grab Alert 4/30/09!

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Quote from AMT4SWA:

The second buy pulse off 902.00 through 903.00 level is good to have imo, as the second round of initiated buying in this zone gives good definition to the upper end of a zone from 903.00-899.25. Also, I want to have a good zone with a minimum of three points to a maximum of 4 points (my experience shows this is significant to proper zone definition). A zone from 899.25 to 902.00 with about 8,000 contracts and only 2.75 points of range is just not of the significance needed imo.....it is close but just shy of what is good zone criteria.
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But haven't we already neutralized that zone (or is my data acting up)? Let's take out that 900! :)http://www.charthub.com/images/2009/06/21/Untitled_27_2.png
 
Quote from AMT4SWA:

Yes there is some "skew" affect as a result of rollover and everyone jumping on the SHORT boat with the new contract. For the most part though, the bounce off 899's has been SOLD aggressively and Monday/Tuesday will be very key trade days imo.......we have more "tension" built up in the order flow bias again.........COOL! :eek: :cool:
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Nirav......I still think there are some buyers of that zone remaining, and I will watch that area on any retest for at least one bounce before any potential breakthrough to the 876's :)
 
Quote from nirav34:

But haven't we already neutralized that zone (or is my data acting up)? Let's take out that 900! :)http://www.charthub.com/images/2009/06/21/Untitled_27_2.png
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The primary delta zone of support for our current range of price remains at 876's to 872.75.......we will probably get at least the one bounce I mentioned with price returning to 903.00 - 899.25 zone. The evidence does show this zone of inventory has been negated for the most part, so I do agree with the point you are making. :)
 
Quote from AMT4SWA:

I adjusted the upper zone price level from 903.25 down a tick to 903.00.......good enough). :) Interpolation my friend....interpolation! :D
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I did the interpolation myself and came to 903.1250. I solved this dilemma by switching to the pit traded contract and set it at 903.10

I finally have one up on you bud. I screwed you out of 0.10

JW:p
 
Quote from Whisky:

I did the interpolation myself and came to 903.1250. I solved this dilemma by switching to the pit traded contract and set it at 903.10

I finally have one up on you bud. I screwed you out of 0.10

JW:p
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Sounds good........in the mean time.......BOMBS AWAY!!!

.........as the market is magnetically attracted to the 876's!!! :eek: :cool:

Market just traded into the 896's here so we are only 20 points above the very important delta zone of support at 876's to 872.75. I did feel Monday and Tuesday would be key days to watch for this move to the lower end of the markets current trading range. We will have to see if by Wednesday's cash session we will be parked at the lower delta zone and ready for the big test. All that selling of the bounce off the 899's the past days has worked out exceptionally well for those sellers to this point......they nailed it! :cool:
 
Friday gave DD (delta divergence) the respect it deserves in a textbook example. You would have a short trade open at 922.75 (~8AM PST) and a long trade open at 911.75 (~11:30AM PST). Both would be in the money at 12:45PM. At that last pivot before the close (~919.00), DD is -30k... tells you clearly which trade needs to be abandoned and which needs to be leveraged to the hilt.
 
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