NQ is vertical!!!!

Quote from ArchAngel:

Up 10 points is "vertical"?????????
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Answer these questions for me:

1) During RTH, how many days and what percentage of all trading days since the inception of the ES have had a ten handle move without a 1 handle retrace move off the bottom any time during the day.

2) Now do the same calculation after hours.

It took a full five hours before the first coil came, at about 12:21 AM CST.

What is more significant is that the move happened at about 7:00 - 12:00 CST.

nitro
 
Quote from BlueHorseshoe:

Taiwan bounced nicely intra-day after limit down yesterday. Selloff and election 'issues' were a farce anyway. The incumbent won for Pete's sake - nothing changed. This is good indicator for Nasdaq given Taiwan is heavy on the Tech issues.

And Nikkei bounced huge from -1.5% to almost flat at close.

Singapore is strongly correllated with US and closed UP today after being down most of the day.

I'll be long and strong the DAX in about 1.5 hours ... hopefully pyramid a large daytrade position & we get some upside momentum heading into the US open.

Famous last words ... :p
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Yes,

I know someone in the YM pit that was telling me that there is a guy that stands next to him that watches these markets like a hawk.

Very interesting...

nitro
 
Quote from illiquid:

Taiwanese politics are a joke anyways, bribery and corruption are commonplace but voters really don't seem to care.
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Yes, but the entertainment value is incredible. Organized crime leaders openly serve in the legislature - it affords them immunity from prosecution, believe it or not! I lived in Taipei for four years, and four years ago was mingling in the crowd when the KMT were protesting their last election loss.

The KMT has become nothing but sore losers with vacuous charges of an 'unfair' election. Of course, it only became 'unfair' one hour before the results were officially announced.

But I'm not complaining ... makes for some easy trading. :cool:
 
Japan rallied strongly from the intraday lows, and the NQ and ES followed it with a mild and steady climb.

To be honest, I wouldn't describe a <1% bounceback over 5 hours as "vertical". That is pure hyperbole, a bit like the people describing the current correction as a "crash".
 
Quote from Cutten:

Japan rallied strongly from the intraday lows, and the NQ and ES followed it with a mild and steady climb.

To be honest, I wouldn't describe a <1% bounceback over 5 hours as "vertical". That is pure hyperbole, a bit like the people describing the current correction as a "crash".
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No, I agree that would be hyperbole.

However, a ten handle move not during RTH, especially between 7:00 PM and 12:00 AM CST, without a single coil for five hours, in fact, with every close either at the high of the bar or within two ticks, is extremely rare.

To be honest, that is vertical to me.

nitro
 
Quote from nitro:

I know someone in the YM pit that was telling me that there is a guy that stands next to him that watches these markets like a hawk.
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Is there a YM pit? I thought it was only electronically traded. Are you talking about the large Dow contract?
 
Quote from Aaron:

Is there a YM pit? I thought it was only electronically traded. Are you talking about the large Dow contract?
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Yes,

I used YM interchangeably with the DOW. LOL. Just like saying the "ES pit"

nitro :D
 
now can we delete thi thread?



Quote from nitro:

Yes,

I know someone in the YM pit that was telling me that there is a guy that stands next to him that watches these markets like a hawk.

Very interesting...

nitro
More...
 
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