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To: 2MAR$ who wrote (17861)3/1/2007 12:49:30 AM
From: 2MAR$
   of 18131
 
"QID pro Q's" ...as for the OB/d-top on the Q's for the short @ $45.50 and the simultaneous OS/dbot on the QID @ $49.50 was the buy long
investorshub.com

this OS/D-bottom on the QID is much clearer on the 60min
(most everything is, 60min charts act like God)


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To: 2MAR$ who wrote (17863)3/1/2007 1:01:55 AM
From: 2MAR$
   of 18131
 
CME 1min intraday ....very often OB/D-top pivots are found intraday as well for the short sell as traders commonly lock in profits at clear resistance points on big gappers .
(overbought rsi reading helps here )

For the CME this d-top action showed itself coming in @ $443 area for two shorts , the last pullback from that d-top was good for almost 12pts and did take both these trades too.
(this happens quite frequently )

(hint: on very strong momos give them 3 waves up wait for the top to declare itself then pounce if you like on the 2nd touch there ...money is made both long & short each & everyday )



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To: 2MAR$ who wrote (17865)3/1/2007 1:13:54 AM
From: 2MAR$
   of 18131
 
OIH ....more on intraday rsi /OS/OB pivots & double tops & bottoms ...

Unusually non volitile day on oil/OIH , still the clear buy longs off the OS on 3min also the short sell at the OB/pivot in the am @ $137.40 area ...and at the EOD at almost exactly the same OB/D-top @ $137.25 for another +$1.25 short scalp ... more often these are 2-3pt swings .

* trading the OIH effectively , absolute must to use live Nymex chart feeds of course ....the OIH trades in exact sympathy to ..and well worth the extra fees , chart below :
nymex.com






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To: Eric P who wrote (17862)3/4/2007 12:14:32 PM
From: Evil Speculator (tm)
   of 18131
 
To anyone, but particularly those who are trading via algorithms: I'd be exceptionally careful at the open tomorrow morning. From all I've been hearing of the various tests that went on yesterday, Regulation NMS may very well arrive with bad quotes, locked/crossed markets, and both trade-throughs and price discontinuities on a major scale, at least initially.

On a more comical note, if problems arise (and they may not, but I suspect that they will), it will undoubtedly provide a most fertile soil for conspiracy theorists various and sundry.

Some serving suggestions:

1. Regulation NMS, though well intended by heroic regulators, has been co-opted by various groups*!

2. Regulation NMS is being sabotaged by various groups* in order to avoid the new (and ostensibly 'improved') trading rules!

3. Regulation NMS is just another in a long line of ploys to separate the "little guy" from what is - of course! - rightfully his: the opportunity, nay, right, to access all quotes posted by all market participants and centers - for free and at their expense technologically - and, most importantly, without risk of adverse movement. Loss, you see, is utterly of, and evidence of, "their" doings.

Personally, I delight in the unintended consequences of market tinkering by bureaucrats, and believe that such an initiative will simply...indeed, characteristically...result in the opposite of its stated intentions: the pushing of meaningful, interactive liquidity back onto desks (e.g., over the phone) and when some of it does find its way into electronic markets, that such will largely take shape in hidden/nondisclosed/reserve order types.

Bon appetit, statists.

:-)

e

*Various groups, including but not limited to: Wall Street (as a consolidated entity); market makers; specialists; "them" or "they"; short sellers; hedge funds; a "Plunge Protection Team"; non-specifically attributed "speculators"; manipulators; "Sith Lord(s)"; "big boyz"; Jews; and/or "terrorists."

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To: Evil Speculator (tm) who wrote (17867)3/4/2007 12:38:20 PM
From: Eric P
   of 18131
 
To anyone, but particularly those who are trading via algorithms: I'd be exceptionally careful at the open tomorrow morning. From all I've been hearing of the various tests that went on yesterday, Regulation NMS may very well arrive with bad quotes, locked/crossed markets, and both trade-throughs and price discontinuities on a major scale, at least initially.

Excellent point. I actually hope that the implementation has a few problems along the way. That would be another nice addition to the recent volatility, and nothing like this typically goes off totally smooth, anyway.

The rise in volatility this past week has been great for my trading (best trading week in history). I hope the rest of you had good weeks, as well. The next week will likely be more of the same, semi-wild trading with increased volatility.

Best of luck,
-Eric

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From: Mark Davis3/5/2007 1:06:32 AM
   of 18131
 
I say this -100 in the dow here is just a paint job based on what they are doing in some third world markets.

Abbey was bullish , thats good enough for me.

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To: Evil Speculator (tm) who wrote (17867)3/5/2007 10:49:13 AM
From: ahhaha
   of 18131
 
1. Regulation NMS, though well intended by heroic regulators, has been co-opted by various groups*!

Can you be more specific?

2. Regulation NMS is being sabotaged by various groups* in order to avoid the new (and ostensibly 'improved') trading rules!

Which groups are avoiding which rules?

3. Regulation NMS is just another in a long line of ploys to separate the "little guy" from what is - of course! - rightfully his: the opportunity, nay, right, to access all quotes posted by all market participants and centers - for free and at their expense technologically

Isn't it the case that anyone only has a right to know the best price?

- and, most importantly, without risk of adverse movement.

How can the access to information about price alter price?

Loss, you see, is utterly of, and evidence of, "their" doings.

That's always the case, called "businessman's risk". Can't beat the return needed to overcome that risk, so one shouldn't take it. It's very difficult to make money trading, very easy to make it investing. Short term info about price is only of significance to trading.

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From: Mark Davis3/5/2007 11:21:52 AM
   of 18131
 
Wow, that Abbey indicator was huge. Thanks.

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To: 2MAR$ who wrote (17866)3/5/2007 5:00:03 PM
From: 2MAR$
   of 18131
 
OIH ....more on intraday rsi /OS/OB pivots & double tops & bottoms ...

another perfect d-top gets the pullback...this chart pattern has happened 100times this past year when OIH is in correction mode..

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To: ahhaha who wrote (17870)3/6/2007 8:42:05 AM
From: Evil Speculator (tm)
   of 18131
 
Can you be more specific? Which groups are avoiding which rules? Isn't it the case that anyone only has a right to know the best price?

Exactly the point.

Fortunately, none of the risible theories I was alluding came forth as Reg NMS arrived with an occasional groan but none of the utter chaos which the weekend tests suggested would be the case.

e

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