Can see 3 pushes up on this - reference discussion in
today's chat.
Oct 21 2003
12:26PM
SPs - 1046 Equilibrium level
Its not shown here but the ADX on the 120 minute chart
is at the lowest level since end of July (~15). Market enters
consolidation around an equilibrium price. Can see how market is trading
back and forth through the 1046 level. Eventually will get a good break
but in the interim it is very choppy and have to pick spots very
carefully. Stay in scalp mode and aim for just the smallest of wins.
Or stand aside and wait for the range to open up.
Oct 21 2003
12:26PM
SPs - 1046 Equilibrium level
Its not shown here but the ADX on the 120 minute chart
is at the lowest level since end of July (~15). Market enters
consolidation around an equilibrium price. Can see how market is trading
back and forth through the 1046 level. Eventually will get a good break
but in the interim it is very choppy and have to pick spots very
carefully. Stay in scalp mode and aim for just the smallest of wins.
Or stand aside and wait for the range to open up.
Oct 21 2003
8:49AM
EC - COIL
EC - 5 days of price bar overlap! This market is poised for increase in
volatiltiy!!!
Oct 21 2003
8:49AM
EC - COIL
EC - 5 days of price bar overlap! This market is poised for increase in
volatiltiy!!!
Oct 21 2003
8:44AM
Put Call Ratios
the green line is the 5 period SMA and the orange line is a 10-period SMA of
the CBOE put call ratios.
Oct 21 2003
8:00AM
European Indexes - Overnight Session
Trading overseas = "subdued"!
Oct 21 2003
7:50AM
Early Globex Session
1942 now Short Term support, trade back below 1044.5 = failure of bull
flag. 1049.50 = Globex highs.
