Tuesday, June 14, 2011

DATA SHOWS INFLATION DISSAPEARED

Sue it has, and funny thing is many vendors are raising prices but PPI shows little of that, it is worthless BS data.

FUTURES SCREAMING GREEN perhaps a triple digit gap up, will there be sustainable REAL DEMAND behind it?

I was not at computer yesterday, but the action premkt seems to be saying, the black boxes consider lows of 1262 on SPX close enough.....IMHO 1294 does not break on this "rally" at end of the day we will see demand PICKING up or we wont....in the form of 90% upside volume.

To trade off DATA or news is useless and fruitless and usually leads to losses, you trade off areas of supply and demand, support and resistance. CAN YOU see where the volume pockets are? The pros can....and they go here http://www.marketdelta.com/ *(I have a friend that has spent years working with this data, he's a very smart guy and intuitive trader....and he likes)

"MarketDelta® is a unique, full featured charting application used by professional traders worldwide to provide more precise trade execution.


MarketDelta® is best known for the Footprint® chart. The Footprint® chart provides increased market transparency for active traders and investors and delivers a discrete advantage over other charting methods. The result is more precise trade execution and a better understanding of where you should be trading, no matter what time frame you base your decisions upon.

MarketDelta® also provides all the traditional charts, drawing tools, technical indicators, and Market Profile® charts you might expect, with a special focus on price and volume related studies and indicators.

Our mission is simple - provide traders with greater price transparency using unique tools we create, innovate, & support. "

Duratek    without some kind of TA knowledge you are flying BLIND in a meteor shower

1 comment:

SSK said...

I am sure Trevor Harrnet, the owner would say thank you! SSK