WOW how bearish is Mr topnotch ?? 1006 and lower by aug end ! I tend to agree with Danny, wed/thursday's tend to bottom before opex ramp, we may not get one and do the opposite, but I'm cautious about going all in ahead of opex. It could be with bad numbers Fri we tag 1060 and feel around for a bottom mon/tue before the ramp, but its good to know Tim thinks more down before 1126 gets hit
Looks pretty accurate to me. A turn in the market happens around that date from what I see. Some a large turns, and others short lived, but a turn none the less. Thanks…
what I noticed on many FP occasions is that when the print is finally “touched” for the 2nd time, there is a big, out of the ordinary, jump in volume on that very candle. You can check your data and tell if you see the correlation too. This might help to identify if the FP was “hit” or not, especially when there is a discrepancy between the expected (1st FP) and the observed.
My only concern with these prints are how close they are to the opening gap down on Wednesday at 110.65… which means they could simply be late fills?
However, the 109.95 print I have from the last hour of trading yesterday isn't near any other important level, so I do expect it to be hit for sure. But only maybe on the 110.61 print?
Do you have the link??
WOW how bearish is Mr topnotch ?? 1006 and lower by aug end !
I tend to agree with Danny, wed/thursday's tend to bottom before opex ramp, we may not get one and do the opposite, but I'm cautious about going all in ahead of opex. It could be with bad numbers Fri we tag 1060 and feel around for a bottom mon/tue before the ramp, but its good to know Tim thinks more down before 1126 gets hit
Dow Jones at 50 DMA
http://niftychartsandpatterns.blogspot.com/2010…
Looks pretty accurate to me. A turn in the market happens around that date from what I see. Some a large turns, and others short lived, but a turn none the less. Thanks…
Here's that chart with some of the legatus dates on it.
http://screencast.com/t/NWE0MzgzZjIt
I believe we melt to 1070 the rest of the day. Tomorrow should be real ugly. The uglier the better…….
Red,
what I noticed on many FP occasions is that when the print is finally “touched” for the 2nd time, there is a big, out of the ordinary, jump in volume on that very candle. You can check your data and tell if you see the correlation too.
This might help to identify if the FP was “hit” or not, especially when there is a discrepancy between the expected (1st FP) and the observed.
Yeah… it's probably just a late fill anyway, but worth posting. Thanks.
110.61 is darn ambitious (low probability) for today with 1/2 day is left.
My only concern with these prints are how close they are to the opening gap down on Wednesday at 110.65… which means they could simply be late fills?
However, the 109.95 print I have from the last hour of trading yesterday isn't near any other important level, so I do expect it to be hit for sure. But only maybe on the 110.61 print?