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Thursday's Market Thrust was divergent from the snp
all day and is on the edge of going negative.
bobr
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
BobR
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, October 04, 2001 12:36
PM
Subject: Re: [RT] Markets
Its based on Steidlmayer's market profile
theory. Dalton's "Mind Over Markets" is a good place to start.
Also the <A
href="http://www.cisco-futures.com";>http://www.cisco-futures.com site has
a free textbook on the topic. Basically, the theory trades off of the
volume distribution of price, sort of like the TS Activity bars. The old
theory uses the previous day's value area, but my experience has been that
that area is only good for the AM session and the PM session is more
influenced by the current day's distribution. Price can bounce back and
forth within the area on normally distributed days, sort of like we have had
today. Price needs at least two closes outside the area to be in
effect. At the moment it is still testing the boundaries. Here is
a simpler shot using price only that says a similar thing using a 1/3 and 2/3
of the current day's range. The midpoint is now resistance so a break of the
lower boundary is pretty high. This coupled with the convergen breadth
spreads adds probability to the trade.
bobr
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Lee Morris
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, October 04, 2001 12:26
PM
Subject: RE: [RT] Markets
<SPAN
class=080051919-04102001>could you explain this trigger a little more as the
view of the chart is hard to read w/ the hyperclick logo and the charts
small size. you might try snagit and avoid the logo and size problem. not
clear on what is "a break of the value area vol dist".
<FONT face=Tahoma
size=2>-----Original Message-----From: BobR
[mailto:bobrabcd@xxxxxxxxxxxxx]Sent: Thursday, October 04, 2001
3:12 PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re:
[RT] Markets1077.5 no guessing here, a break of
the value area volume distribution, doesit.bobr-----
Original Message -----From: "Ira Tunik" <irat@xxxxxxxxx>To:
"realtraders" <realtraders@xxxxxxxxxxxxxxx>Sent: Thursday,
October 04, 2001 11:55 AMSubject: [RT] Markets>
Everyone is guessing at tops and points to sell. There is
divergence,> buying pressure has not been able to overcome the
depression of price.> At this time I do not have a sell
signal. There is currently a> retracement occurring in the
shorter time frames and it appears that a> down move, retracement
of this up move, could be starting. Guessing at> tops and
bottoms can be very dangerous to your financial stability.
One> should enter a trade based upon a specific target to the
upside or> downside. At this time price has reached many of
my upside targets so I> would expect resistance to a further move
to the upside. As yet I do> not have an Entry Price for a
move down or for another move up. Until I> get one, I will be
out of the market.>>> To unsubscribe from this group,
send an email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>>
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