quote:
Originally posted by pem06081971
As per my comments in a previous thread my software (your DVATOOl) alerted me that there was a single print above the market at 1432.77 which was left on Dec 21, 2006. The market traded below that level until 12/27/2006, and it gapped up and took this number out, but all subsequent pullbacks on Dec 27th, 28th, and so far the 29th to this area have led to rallies........interestingly, this has been a pivotal area in the overnight market as well...........
Yes, PT and I had noticed that and were commenting on it in link retired
quote:
CURRENTLY SHOWING A SINGLE BRACKET BELOW THE MARKET AT 1428? Is this correct? The software is attributing it to a date that the market did not trade through that price, but it looks like an area that might have left a single bracket back on 12/26..........
Correct, the Single Print was created on 12/26 and will remain on the chart until it is traded through. (The Single Print will also disappear off the chart if not enough data is loaded to calculate it. If, for example, you only load 30 days worth of data when you load your charts and a Single Print was created 35 days ago then it will not show up on the chart because it could not be calculated with the data loaded into the chart.)
Here is a chart of what you are looking at.
Click image for original size
