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    LO
    Lorn
    Rep: 16,037
    Posts: 1,406
    2
    Here is the cumulative delta picture. Yesterday as prices rallied CD (cumulative delta) found resistance at the Friday peak, then as prices sold off CD stopped at that support area where buying has been entering the market over the last two days.

    Now we have this large rally in the ON but CD is still below yesterday's peak.

    What this all means is within the last few days price range there has been no real net gain in either short inventory or long inventory.

    Lets see if RTH brings in new volume.


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    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
    0
    took the loss at the new high...I was afraid of this.....will try again above 1204.50...knowing that they may push up into 06 - 08
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
    2
    on 06 short ...will add at 08.75 if it comes...03.75 is initial target....



    go to my site...Jumpinfrontoftrains.com
    LO
    Lorn
    Rep: 16,037
    Posts: 1,406
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    LOL...at least you are consistent my friend.




    Originally posted by BruceM

    on 06 short ...will add at 08.75 if it comes...03.75 is initial target....



    go to my site...Jumpinfrontoftrains.com
    BR
    BruceM
    Rep: 216,211
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    that's 8 points exactly off the ledge to the tick...so far...congrats to buyers.....u took my money.......I'll get ya !!!

    Just kidding!
    BR
    BruceM
    Rep: 216,211
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    two sets of air now......and we know one at least will fill...yeah, we know it!! so adding to get that 05 print
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
    1
    that would have been second air pocket and now is not the time to trend and we hit the 8 point so i was adding...for that 05 pocket....I hope somebody gets that trade.. a good probability but scary.....and too fast for me to post add on but hope the logic can be seen
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
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    major air begins below 04.50 now....I'd like to see a low volume test up to re-add
    BI
    Big Mike
    Rep: 8,097
    Posts: 696
    0
    The six point gap up on the S&P led me to believe RTH today will be a long day. Question now is how long?
    LO
    Lorn
    Rep: 16,037
    Posts: 1,406
    1
    (Edited )
    Here is the larger picture as far as cumulative delta is concerned. There is another resistance level marked at -31k contracts which is where selling was initiated early last week.


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    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
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    I'm trading as if a giant rubber band is attatched to 03.50 now..agressive ..will add higher near 07 if needed
    LO
    Lorn
    Rep: 16,037
    Posts: 1,406
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    haha! That is a new saying for sure....

    "When it trends we will lose!"

    Originally posted by BruceM

    so now we have three magnets below:

    1) quads
    2) triples
    3) single print complete fill

    and when it trends we will lose!