The Stochastic Indicator

nkhoi · Aug 7, 2003

Quote from trendy:

Oddiduro, where are you coming up with the idea that index futures are in a period of low volume? I see no material change in volume on either a daily, weekly or monthly basis throughout 2003.

http://www.cme.com/httpwrapper.cfm?...letins/monthly_volume_report/jul2003pg01.html

----------------------- JLY 2003-------MONTH AGO------ % CHGE
-------------------------------------------------------------MTH AGO

MINI S&P FUT __ # 14,854,226__15,040,448________- 1.2

TriPack · Aug 7, 2003

Thanks for posting that nkhoi. The real interesting # is the large S&P contract and the large Nasdaq 100 futures contract (-32.5% month over month):

Code:

MINI S&P FUT             # 14,854,226    15,040,448    -   1.2  
 S & P 500 FUT               1,222,860     2,782,426     -  56.1

trendy · Aug 8, 2003

Code:
Quote from TriPack:

Thanks for posting that nkhoi. The real interesting # is the large S&P contract and the large Nasdaq 100 futures contract (-32.5% month over month):

Code:

MINI S&P FUT # 14,854,226 15,040,448 - 1.2 S & P 500 FUT 1,222,860 2,782,426 - 56.1

I was referring to the ES and NQ contracts. ES volume down a negligible 1.2%, while the NQ was actually up .7%.

oddiduro · Aug 8, 2003

Quote from trendy:

I was referring to the ES and NQ contracts. ES volume down a negligible 1.2%, while the NQ was actually up .7%.

Trendy,

Jacks language style is unique, and I fear something getting lost in the translation.

So, conduct a search.

Use "summertime" as the key word, and "bubba7" as the user, and you will find the post that you need to commit to memory.

Regards
Oddi

oddiduro · Aug 8, 2003

Jack has condensed this thread in the Tool Box Journal.

Please take the time to print it out and read it.

It is presently 272 pages.

You will need one printer cartridge and one ream of paper.

ykorn · Aug 8, 2003

What / where is the Tol Box Journal?

oddiduro · Aug 8, 2003

Quote from ykorn:

What / where is the Tol Box Journal?

Here it is:

http://www.elitetrader.com/vb/showthread.php?threadid=19361

ykorn · Aug 8, 2003

why the on-line thread indicates only 20 pages and the print version is 267 pgs?

ykorn · Aug 8, 2003

and is there a way to print out double-sided from ET?

bubba7 · Aug 8, 2003

Quote from nwbprop:

I have a question regarding end of day rockets. Today, at the end of the day, we had a rocket short for about an hour. The rocket created a second pt 3(around 3:30) and failed to traverse to the other side of the channel. therefore, indicating end of short trend. The price then hit the right side of the channel and then proceeded to make the traverse to the left side(never made it) breaking the previous low.

My question is does a rocket trend at the end of the day have a higher probablility of continuing rahter than reversing even though it didnt fully traverse to the left side after the second pt 3?

**either way(wash story), i re-shorted at the price i got long at as price broke through my buy price as price was trying to get to the left side of the channel.

I know you did some redrawing. Actually, at the end of most days, there are effects that make thiongs more complex. A saucer formation is a common occurance. Think of it as the price coming into a lateral equilibrium when a lower volume exists. Ends of trends are not as emphatic with lower volume.

Wednesday, Thursday and today are god examples of how volume affectes the market. You can cut each day out and superimpose them on one another. You will notice that the shrinking effect in daily movement is proportional to the attrition in volume at each relative time of the day.