The "up-to-the-minute Market Data" thread

reply to post by stander


I have a lot of problems with volume..

If you can find a system I would really like to see it that deals with volume

Im not calling you out or anything, but I would like to see historical analysis based on this..

I would even be willing to program it for you if the results were to a statistical edge..

Nice chart...

I call it *Pump & Dump*

Or..

Chasing that *Neon Rainbow*

Fund managers have to "preform/invest"...pay for play...

Easy $ and all the above...scary....





The problem is...

They have the "Monopoly $ Bank"...

We have to put up Baltic Ave....

[edit on 7/31/2009 by Hx3_1963]

Here comes the first game


check it out

reply to post by Hx3_1963


Yeah right,

Im definitely in marvin gardens looking for pacific..

trade you a yellow for a green?

Originally posted by GreenBicMan
reply to post by Hx3_1963

 

Yeah right,

Im definitely in marvin gardens looking for pacific..

trade you a yellow for a green?

Yer Baltic & Mediterranean Ave...

Just like the rest of us...

Marvin Gardens...that's like...Britinay Spears LoL...

K...

Lets try this...



Is that right??? Look at volume..



European shares fall in early trade; oils weigh
www.reuters.com...

[edit on 7/31/2009 by Hx3_1963]

reply to post by Hx3_1963


impressive move isnt it?

no doubt as i said asian markets lead higher (as i said use hang seng as our guide as well as nasdaq)

But compare the past 3 years- 5 years in the shanghai vs sp 500 dow or nasdaq and it is a much bumpier ride

In fact really sh. composite is an emerging market for the most part and if you REALLY want returns you should have been investing in INDIA or BRAZIL not china

reply to post by Hx3_1963


Also, I like to actually point out volume in your example in the sp500

This actually makes sense as far as a bottoming goes (higher volume at its lowest point)

My point about volume was IMO it is worthless for INTRADAY moves, if stander can prove me wrong (which i def could be) I would be willing to do the previous for him

Originally posted by Rockpuck
reply to post by stander

 

So what'cha sayin is higher volume = larger swings up and down?

In general it is so. The money is made on big volumes: you need to dump lots of shares to make a good profit, coz the margins are low in these "quiet times." The average investors don't have enough money to shape the indexes -- unless there is a profoundly bad news out and there is a consensus that things suck and everyone is selling. Common stock is where the money is, but when a company is rumored to go under, as a holder of common stock, you are the last in line to get reimbursed -- bond and preferred stock holders are ahead of you. That means you don't want to take any chances and try to get rid of your common stock ASAP. If the whole industry is in trouble, like the financials in the last September, there is a very high volume due to the general sell off. Otherwise the guys who hold lots of shares shape the market.

Here we go

fake it till you make it lol


chart with what looks to be that breakout

Originally posted by GreenBicMan
reply to post by Hx3_1963

 

Also, I like to actually point out volume in your example in the sp500

This actually makes sense as far as a bottoming goes (higher volume at its lowest point)

My point about volume was IMO it is worthless for INTRADAY moves, if stander can prove me wrong (which i def could be) I would be willing to do the previous for him

It's all on you now...

Calling/asking Stander....

Risky at best...

The Man is a *Icon*....

reply to post by stander


Yep, you are looking for VWAP my friend..

Im sure you saw my previous post?

You can find this technical somewhere I am sure for free

reply to post by Hx3_1963


Well, like I said, I haven't found anything that is conclusive for intraday moves relating to volume, and if he could find one I would help him.

I think that is more than fair.

reply to post by GreenBicMan


Sorry didnt upload both charts at once


here you go instead

reply to post by GreenBicMan


Why exactly do you prefer to follow the NASDAQ? .. I personally follow the S&P, I find it is the broadest of the indicators as it takes into account the 500 largest corporations in the country.

reply to post by stander


I completely agree, it naturally makes logical sense that the more shares that are moved, the larger the effect on the market as far as prices dropping or rising.

reply to post by Rockpuck


Nasdaq is the "leading indicator" of our markets.

Akin to Hang Seng leading the US MARKETS.

Now - they "follow" us as in we don't trade off their market, but our trends follow theirs.

**EDIT**

to clear this up I am speaking of Hang Seng follows us trading wise, like they trade off of our good news the next day or vice versa

**end **

Does that make sense?

I would (like I said if I had the capital right now) only trade the SP500 EMINI as well.. as first I had good success with the YM (DJIA) but it is a way thinner market, and that isnt cool.

I have worked my way into "understanding" the SP500. I don't know if you follow what I mean, but its more of a feeling. Or at least the ES-MINI I should say. (although during the day there are arbitrageurs making sure they trade step for step - after hours is still pretty liquid honestly and wouldn't have a problem trading that as well)

So all in all, you are very correct that the SP 500 is the best "breadth" of the market you could say? But technology leads the way my friend, I guess thats all I could have said lol.. you just got the ADHD extended version.

[edit on 31-7-2009 by GreenBicMan]

reply to post by stander


Are you looking for something like this?

I think it might be.. you too RP..


If so, I may have already quazi programmed you something


here

If this support held remember use the longer timeframe as an exit strategy..

This works quite a bit..

Again another study to fall back on

www.sierrachart.com...

something else that is interesting if you look at it with a couple days back..

the volume is totally split on both sides..

?

what do you think that means?

who wins that battle

*EDIT* the long purple line is the apparently the volume bar with the highest volume used as a reference by default..


www.sierrachart.com...


[edit on 31-7-2009 by GreenBicMan]

might be a little hard for you to see as well but this has the volume written on the bars for short term discrentionary trading that may be of help to you as well.. they are always changing real time as its happening so its always moving back and forth.. kind of cool to watch but I dont know if you could draw anything from it


here


Actually this one says a lot IMO and could have forshadowed the move.. could be purely coincidental though - btw the volume only shows for that time period on the screen, not like any longer or whatever

[edit on 31-7-2009 by GreenBicMan]


EDIT:::


BUUUUT.. if we step back a few frames further back in time this would have failed us because it obviously predicts a higher move..

So what is the right answer?

In that certain timeframe we were correct and this is the longer-term move? Or was it just pure coincidence?

Again, this would be such a task to document, but its just ideas right now.

www.sierrachart.com...


[edit on 31-7-2009 by GreenBicMan]

Or perhaps a reversal look into the future..

These should be a good base example for this indicator (of course nothing close to the amount we would need to even bother testing)

www.sierrachart.com...


[edit on 31-7-2009 by GreenBicMan]

ANother problem I just thought of as well would be like at this new update what if at this new price the volume becomes highest?.. then do you change gears and lose that spread?.. Or what would happen?

This of course if you are using longer timeframes..

Again something to thnk about

www.sierrachart.com...


Im going to sleep

[edit on 31-7-2009 by GreenBicMan]