The ACD Method

[Shanb]

Quote from kinggyppo:

JPM doesn't report till friday, Alcoa yawn, banks could get hit with the Libor mess. The class action potential is a lawyers wet dream.

http://buzz.money.cnn.com/2012/07/04/barclays-libor-email/?iid=EL

:eek:

What'd you think about this market King?

Not necessarily interested in direction, but in volatility. If vol catches a bid, correlations will be very high and this market will have to be traded MUCH differently than i am anticipating.

If we don't get any big distribution days and correlations continue to unwind, we will be in a spreaders market!

 

[ammo]

Quote from Maverick74:

Well, not that I'm trying to over analyze this, but I was thinking that the rally would come after the election and I assumed the rally would be predicated on a Romney win. I could see this market being very volatile in the fall and correcting again before the election. But these predictions are beyond ACD.

romney said he would fire bernanke,in essence, fire gs,so another reason for obama

 

[ammo]

yearly spx blue line ,something to watch if we rally,we need a bubble like the dot com and real estate to break it

 

[ammo]

reduced to a daily chart the line comes in around 1408

 

[Maverick74]

Grains!

 

[Buy1Sell2]

http://www.elitetrader.com/vb/showthread.php?threadid=245590

 

[Maverick74]

Corn just went limit up.

 

[kinggyppo]

Quote from Shanb:

What'd you think about this market King?

Not necessarily interested in direction, but in volatility. If vol catches a bid, correlations will be very high and this market will have to be traded MUCH differently than i am anticipating.

If we don't get any big distribution days and correlations continue to unwind, we will be in a spreaders market!

I sort of agree with Mav, the problem with news is that you don't really know what the mkt pays attention to, I would like to see this mkt cheaper from a value side, I don't think the euro issue is over, that said a 15 vix is not improbable I would be building a long vol position under that. On a side note Buy1 is correct you should have a max as % of account but that is another topic. Good trading all.

 

[FreakofNature]

Quote from Maverick74:

Monthly A up on the ES is 1383.25.

Monthly A up in AAPL is 608.50.

What's your target off this Monthly A Up Maverick?

Danke

 

[Maverick74]

Quote from FreakofNature:

What's your target off this Monthly A Up Maverick?

Danke

Not sure I understand your question. My back of the napkin ACD analysis was we would test and fail at the monthly A down and then more then likely test and fail at the monthly A up. I think we will trade in a 50 handle range this month.