10:55 am EDT: Since the open, the ES traded to just under yesterday’s settlement of 1087.75 (high 1087.50). The range is low and volume is drying up, so the 1082.00 to 1083.50 looks like a good area to cover shorts. We’ll only go long now at 1077.00 to 1078.00 or 1072.75 to 1074.00 (unlikely), or on a break above 1091 (also unlikely).
Disclaimer: The information presented on this site is for educational purposes only. No personal trade recommendations are being made hereby. Trading futures is highly risky and you can lose a substantial amount of money. Past performance is not necessarily indicative of future results.
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pbozi
on October 15 2009 at 13:12:36
do you do any AD ratio studies such as the 10 average. say for the past year or two
thanks
peter
Bob English
on October 15 2009 at 13:28:06
@pbozi: We don’t look at A/D in the typical fashion. We have a proprietary AD oscillator built on NYSE market internals, but also look to the work of Pascal Willain, who tracks money flow throughout sectors and entire indexes. His 20 day money flow oscillator has a good track record of anticipating market turns. See here: http://www.effectivevolume.eu
-EB