Zone test here.
http://www.charthub.com/images/2009/07/07/Untitled_3_3.png
http://www.charthub.com/images/2009/07/07/Untitled_3_3.png
Inventory Grab Alert 4/30/09!
- Thread starter AMT4SWA
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Interesting note - :eek: ...
We are showing a positive CDV right this minute (9:30am Pacific time) in reference as of Yesterday's low price and yesterday's CDV levels... but more interesting is the diff today between all ES buyers in the top pic and 100 lot ES buyers in bottom pic... check out pic..
Looks like the 100 Lot buyers are accumulating for a rally... Mai Non?
Not predicting anything just pointing out interesting diff between 100 lot buyers and All buyers... thanks...
We are showing a positive CDV right this minute (9:30am Pacific time) in reference as of Yesterday's low price and yesterday's CDV levels... but more interesting is the diff today between all ES buyers in the top pic and 100 lot ES buyers in bottom pic... check out pic..
Looks like the 100 Lot buyers are accumulating for a rally... Mai Non?
Not predicting anything just pointing out interesting diff between 100 lot buyers and All buyers... thanks...
Yo AMT...Quote from AMT4SWA:
Sorry guys been super busy lately.....I will try and answer any questions from the last few days latter tonight.
BTW, EOD with price right at the 876's top of Delta Zone......."Textbook"
The sell off initiated from the Grab Zone up at 925 to 928 and then down to 882 was a no brain-er and classic reaction from an inventory grab action... but from the beginning of today until 2:45pm Eastern what about the very large Positive Divergence today that was then crushed at 2:45pm Eastern time... who knew it was going to get crushed like that... I should hope or guess that?
its nice the market went down to 876 etc but with the last two days of a strongly Positive CDV it was an opinion & a bias to hold strongly short all contracts into the close today... not a consistent Grab strategy.. ?
Me neither.
Amt....you da man! Some awesome stuff you showed here.
Now we just need to take out that 72-76 zone and also take out the remaining resting inventory.
I see that there's folks here confused about the afternoon action, as was I.
I went into my single and only trading instrument these days, GDX, short this morning. It shot up like a rocket in the afternoon, and just as I was about to reverse, deflated just as fast. So I ended the day profitable, but a bit flummoxed.
But my projections on the VIX show it's due for a reversal down. I'm thinking if it spikes up tomorrow morning on follow-through from today's afternoon swoon, I'll short it with a small bit of money, and see what happens. Seems to me we're due for at least a quick bounce before we continue this, well, correction at least.
I went into my single and only trading instrument these days, GDX, short this morning. It shot up like a rocket in the afternoon, and just as I was about to reverse, deflated just as fast. So I ended the day profitable, but a bit flummoxed.
But my projections on the VIX show it's due for a reversal down. I'm thinking if it spikes up tomorrow morning on follow-through from today's afternoon swoon, I'll short it with a small bit of money, and see what happens. Seems to me we're due for at least a quick bounce before we continue this, well, correction at least.
There has been strong positive divergence as we traded down to the 882's area numerous times (and I might add some excellent delta divergence LONG trades out of that area). Some of this overall positive divergence was a result of held short inventory from much higher pricing levels thinning out held positions well in the money (just in case the support of this area would have held......some of that 100 lot skew you saw earlier). Now that last bounce off 882's near end of day which stalled out, had those buying this support area thinking twice about any rally possibilities imo. Also, those holding positions from the last time we traded down at these levels have started to bail.....that end part of the days action shows me the psychology of "support" at these levels is weakening. You have to remember that we have already knocked on the door down at these levels several times the past weeks.......at some point traders know the door is about to open! :eek:
Like I mentioned before, this time down I do feel we will eventually bust through the resting inventory holding the bottom of a multi-week range of price.
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