Financial history doesn't repeat itself, but it often rhymes.
You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
Tuesday, April 7, 2009
something to play
The volume was weak this morning. Just crazy weak....
Weak volume indeed. SPY bounced off my S2 at 81.71 and seems to be forming some sort of base. Copper up 20 cents overnight. "Dr. Copper" up if you are looking for bullish signs for economy.
pivot 83.23 s1 82.66
I guess there are different formulas for figuring these.
what you are looking at is Buy side or Sell side Bias. if there are a ton of orders on one side or the other, you can predict some of the moves based on it.
Also it's a good sign to get out if you see millions of shares Keeping something you want to go up sitting as a huge weight on top of a stock just out of the ask range.
Weak volume indeed. SPY bounced off my S2 at 81.71 and seems to be forming some sort of base. Copper up 20 cents overnight. "Dr. Copper" up if you are looking for bullish signs for economy.
ReplyDeletepivot 83.23
s1 82.66
I guess there are different formulas for figuring these.
I have those too...on my charts The ones I posted I had to do manualy, but I thought they matched up..
ReplyDeletebut the ones you have My charts have.
that 82.60 seems like it will be the 5 min retest resistance...
Do you watch Level 2 data?
ReplyDeleteI've looked at it, and it is avail on my TDAmeritrade, but I have no idea how to trade based on it.
ReplyDeletewell give it some time.
ReplyDeletewhat you are looking at is Buy side or Sell side Bias. if there are a ton of orders on one side or the other, you can predict some of the moves based on it.
Also it's a good sign to get out if you see millions of shares Keeping something you want to go up sitting as a huge weight on top of a stock just out of the ask range.