Sorry to here that, I've "known" him through the net for years.
He will be missed.

Low volume?

Not sure what your looking at since you didn't specify but looking at the mini index futures Friday was anything but low volume. NQ (NDX) was 15% above average volume, ES (S&P) and YM (Dow) were slightly above average volume. On the week NQ was 67%, ES 78% and YM 66% above average weekly volume. In fact the only possible negative is that the weekly volumes were border line too high.

Not a computer whiz but I have had similar problems on two different laptops. Normally there will be a connected but with "limited connectivity" message if you move your mouse over the
connection icon, assuming that message is enabled. I never did figure out what caused on the last PC but on the one I have now since I stopped using Dell's wireless software and started using windows XP to manage wireless connections I've stopped having the problem. Might be worth looking at.

I'm still lurking in the shadows airedale88 eom

I thought they were supposed to be open already, don't know why they are not.

From the CME site:

Tuesday, Dec 26, 2006

CME Globex Open at 5:00 a.m. for all CME products
for the CME Globex trade date of Tuesday, December 26, 2006

Crude (QM)

Today's price/volume action certainly has the makings of a reversal. If today's high is taken out with any "gusto" then I'd look for at least a test of the 61.60 area.

Syn, I see no reason why it would go up, of course by my methodology that could change in as little just a few price bars
from now.

Syn, I just realized the chart I posted is not DELL

I used DELL for the symbol but for some reason that's not what came up. I thought 400's seemed high but since I don't follow individual stocks much I just trusted what I saw. DELL is trading in the 20's right? Ignore that weekly chart I posted and the TL projections.

http://charts.dacharts.com/2006-09-25/DELL.png

That's a daily of DELL.

As far as what I think, I don't. I try to just trade what I see and not what I think. What I see on that daily is a range, if I were long I would probably think about taking some money off the table in the 22.80 area if given the chance. Except for a volume climax on the weekly back in late July which so far as yeilded only the current range and not a reversal. The weekly looks horrid right now.

Syn, Try this link...

http://charts.dacharts.com/2006-09-22/DELL.png

Syn_, you don't see the chart at the bottom of the page, or you don't understand it?

What TL stands for just depends on who you ask.

My ex wife sats it stands for "terribly lazy",
An ex girfriend use to say it was "too long",
I had a neghbor once who thought it was "too loud",
I tell my current wife it means "tender loving",
On a bad day I think it must be "tough luck",

but "Trend Line" is what I had in mind, it seemed like a good idea at the time.

:0)

If this weeks high is taken out and this weeks low holds TL measure rule projects to 464.80

Gold - also noteworthy is that the last three down days,
ZG contract, have been on both declining and below average volume. Suggesting a lack of supply and/or professional selling. So a tradeable bounce should happen soon. And of course when gold goes up often the dollar goes down. Todays price/volume action in all the major currency futures would seem to corroborate this.

Not going to fade the move but there are early warning signs this move may need to at least consolidate so I exited longs (QQQQ calls).

Tried updating chart but it's not working.
If NQ can BO above 1510 we should at least test yesterday's high.
A break below NQ 1502.25 will probably mean a test of todays lows or worse.

Cetainly possible, but the Dow, S&P and NDX all took out levels during this mornings bounce that made me want to look at buying a low vol retracement if we get one. If NQ takes out the RTH open then I'd change my mind.

You may be on to something...



All three of the ETF daily charts that I watch (Q's, DIA, SPY) are up in price today on declining and below average volume. As long as the NQ is below the 1500 area I'll be expecting at least some down side action tomorrow. Now how far down or for how long is IMO anyone's guess but then that's what trailing stops are for I suppose.

I believe you can shift MA's with Ensign.

Hey denmo83...

Thanks. I never really left, I still skim over the posts fairly often.

Here's a NDX TL I'm looking at:


=

Sounds good in theory but in practice it's useless for directional trading.

http://www.investorshub.com/boards/read_msg.asp?message_id=4597821

WAG - 2/27/2006 4:05PM ET

As a Honda owner I'm one of those people waiting to see what they do as well.

Appreciation - If I buy a house for $300,000 and sell it 5 years later for $400,000 where did the $100,00 come from?

Nobody "lost" it.

I think Gary is right. Another way of looking at it might be that although shares in a company can be split or retired compared to futures there is a relatively fixed and finite number of outstanding shares or "float". Whereas with futures the number of contracts (open interest) fluctuates depending on who happens to be the buyer and seller for any given trade and at expiration the open interest of the futures contract in question goes to zero.
With stocks the shares are simply transfered from one owner to another at various prices. Theorectically unless a stocks share price goes to zero no one (Stock holders) necesarily has to loose. With futures there is absolutely a winner for every loser for every contract.

DowDeva

You'll have to weed through this by the day as well but they are in alphabetical order so you'll only have to look at the R's.

http://biz.yahoo.com/research/earncal/today.html

Blackbelt1

http://www.investorshub.com/boards/read_msg.asp?message_id=4597821

DowDeva

http://www.interactivebrokers.com/php/tradingInfo/usFuturesStopOrder.php

I did a study on Max Pain recently.

Using BCA software's data and going back 38 months I took the difference between the close of the QQQ for each OEX and Max Pain for that month and came up with the following statistics.

Differece between OEX Close and max pain of the QQQ

Average + 0.07
Median +0.14

Looking at those two numbers alone gives the impression max pain is worth watching however the maximum/minimum was
+ 3.87 and -6.31
The standard deviation was 1.97
The average deviation was 1.38
and the variance was 3.88

In short you may be able to come out ahead if your selling OTM options on either side of max pain over a long period of time but as far as using max pain as an aid for directional trades it's all but worthless.

FWIW someone else on another forum did a similar study going back even farther than I did and came to the same conclusion.

OT: Nice buck Frank / eom

OT: Why not?....

"Failure to follow these rules and maintain the spirit of the board could result in an immediate 30-day suspension of posting rights (aside from this one, warnings will not be issued)."

And yet that is exactly what happened, a warning was issued.

"Rules" that are not enforced are not rules.

For those that missed the deleted posts ziggy asked jwg yesterday if he was still short. jwg's response was "go f--k yourself". I suppose we'll have to take that as a yes jwg.
I can only conclude that either jwg thinks his sh-t don't stink or that he was(as I would have been) at the time very emotional that the market was blowing up in his face. While I agree with Bliss and other's that jwg is one of if not the best traders on the board, he's certainly better than me,I fail to see where that has any relevance in this case or where it gives jwg a license to ignore the "rules" and insult other members.

To be honest fellas I was somewhat disappointed when members came out in jwg's defense as if nothing had ever happened.
It did happen.

jwg may not be inclined to give it and the administrators may not insist on it but FWIW, imo, jwg owes ziggy an apology.

Got stopped out of short on a tight stop,possible 2-B reversal pattern.

Above YM 10135 I'll probably go long for at least a test of yesterday's high and maybe as high as 10165ish. Below 10100 I'll start looking at a short. Below 10083 we'll probably take out yesterday's low.

If the bounce from here is muted I'll short.

Above YM 10145 and 10165ish would be the next PT, above that and the 10200 area would be next. I'll also be watching for signs of potential reversals in the 10135 -10145 area. No position at the moment.

frankp2, I know the song your humming by Mungo Jerry/eom

Below YM 10020 I'll be leaning toward shorts, above we may retest the day's highs. Below yesterday's high (9991) we'll likely test the gap at 9966.

Looks like the intersection of TL's at 1385 is going to act as an R for at least a while anyway.

A new HOD would imply a potential PT of 10055 but since I'm experiancing a bout of discipline (don't worry it won't last)
and we have a potential R at 10048, GR1 at 10042 and a fib retracement at 10036 I'm going sit the next rally out.

Took a 13 tick gain, on the sielines.

I may buy a new high in the Dow for a trade, looking for YM 10036 - 10047. This largely depends on what happens between here and there though.