Wednesday, July 29, 2009

Another Rangebound Day

as the AutoBot (HFT) Olympics continue ....

(another "victory for the bulls", Pisani ? -- feh)

Tuesday, July 28, 2009

DIA Today .... rangebound between PP and S2

possible afternoon short opportunity at Pivot Point (90.91 DIA)

Friday, July 24, 2009

High Frequency Trading "Autobots" Rule The Market - see chart

Just more evidence that program trading algos dominate the volume today.

Do little guys like us even matter any more ? This chart suggests not.

Wednesday, July 1, 2009

AMZN - Final for July 1

Quick follow up to earlier post on AMZN.

Weak rally attempt after 2:30 low; retraced about 45-50 cents; but retested lows for the day several times, before turning up modestly at the close.

Notice how AMZN trended downwards from 10:30 am; and only into the close did it break above the downtrend lines (weakly).

Whether this means anything for tomorrow or not I don't know. It would not surprise me to see AMZN retrace 50% of the $3 drop (high to low) tomorrow; so let's look to see if it can go to +/- 83

AMZN could just as easily keep going down.

AMZN - intraday - July 1

Looks like a 2:30 bottom and reversal trade.....