Premium said:

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FriscoKid said:

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I only post this so you know that I put my money where my mouth was. I think the bear pattern was pretty clear in the charts that I posted. I'd like to know if anyone had advice on the trade or if there was something else that should have been considered. I'm still somewhat green at this.

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So does the Mar 28'18 $2610 Put give anything away on what you had on this? I see all of the other parts blacked out.

TIA

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No, that is the strike price of the stock. I had an option to sell/buy @2610.

Les Appelt 1999 said:

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oldarmy1 said:

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HUGE volume flood

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Will definitely want a summary of what just happened after lunch and the volume explosion as we hit support.

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Frisco or someone with Level 2 charts please post a DOW minute chart with volumes. I'm out of the country and was tablet trading.

A lot of bearish talk and certainly all of this crazy capitulation could be the markets turning over to take back more of the 8500 rocket.

****, what a brutal day.

Is this the start of a bear? Or rather the continuation of one?

I've got a butterfly in my stomach that wants me to sell everything and hold for a while.

oldarmy1 said:

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Les Appelt 1999 said:

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oldarmy1 said:

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HUGE volume flood

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Will definitely want a summary of what just happened after lunch and the volume explosion as we hit support.

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Frisco or someone with Level 2 charts please post a DOW minute chart with volumes. I'm out of the country and was tablet trading.

A lot of bearish talk and certainly all of this crazy capitulation could be the markets turning over to take back more of the 8500 rocket.

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Holy crap! I didn't see that. That was more than huge volume. Hold on!

60 million in the final minute!

What the ****??

What does this mean?

This is MU minute chart. Over 900k shares traded on the minute mark when it had failed and hit days lows. Remember my rule on 2X highest volume intrady after initial 30 minutes trading? BINGO! That was a screaming buy. And it repeated across most shares. And as Frisco pointed out the final minutes had huge volume that held shares from retreating back to that bottom bounce low.

Can anyone see the chart?

WestTexAg12 said:

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What does this mean?

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Oldarmy is going to need to help with this one. I have no idea.

I would guess reversal and lots of buying at the close.

no, filters are blocking your "nasty" word.

No, the link url has something that is censored in the name

oldarmy1 said:

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This is MU minute chart. Over 900k shares traded on the minute mark when it had failed and hit days lows. Remember my rule on 2X highest volume intrady after initial 30 minutes trading? BINGO! That was a screaming buy. And it repeated across most shares. And as Frisco pointed out the final minutes had huge volume that held shares from retreating back to that bottom bounce low.

Can anyone see the chart?

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Can't see the chart, and I don't know remember the 2x rule.

I'm a noob.

http://bigcharts.marke****ch.com/advchart/frames/frames.asp?show=&insttype=&symb=mu&x=38&y=9&time=1&startdate=1%2F4%2F1999&enddate=3%2F27%2F2018&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=8


it should be m a r k e t w a t c h

edit it manually

So does the huge buy at the end of day signal futures moving back up for tomorrow or the bottom opening soon? I'm a noob at this, but can't say I've seen a spike like that ever...

volume was 10M at 3:59 and 69M at the close. That's nuts

oldarmy1 said:

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This is MU minute chart. Over 900k shares traded on the minute mark when it had failed and hit days lows. Remember my rule on 2X highest volume intrady after initial 30 minutes trading? BINGO! That was a screaming buy. And it repeated across most shares. And as Frisco pointed out the final minutes had huge volume that held shares from retreating back to that bottom bounce low.

Can anyone see the chart?

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Negative, can NOT see the chart.

Weird, I can see it in your quote now

FriscoKid said:

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volume was 10M at 3:59 and 69M at the close. That's nuts

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Volume in relation to what? S&P500, DJIA, or just overall?

Man am I glad I sold last week...

But, there wasn't volume at the bottom. Are you sure about this? It was just volume at the close.

snowmnag970 said:

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FriscoKid said:

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volume was 10M at 3:59 and 69M at the close. That's nuts

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Volume in relation to what? S&P500, DJIA, or just overall?

Man am I glad I sold last week...

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It was just buying across the board. The S&P chart looked the same. (OldArmy can correct if I'm wrong)

I'm going to bet that this spike was a huge position that had to cover at the close.

so for all of the beginners, what does this mean? When I hear a huge volume spike, I think the stock values are about to rise and folks will make some money on the increase... is this train of thought correct?

TIA!

what say you said:

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so for all of the beginners, what does this mean? When I hear a huge volume spike, I think the stock values are about to rise and folks will make some money on the increase... is this train of thought correct?

TIA!

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Volume just says how liquid or active the market it. There's positive volume (green) and negative volume (red).

Candle stick charts show this better but it basically takes when you see green sticks mean positive buying volume and red candle sticks mean selling volume.

The final minute volume includes settle on close orders and is always a spike above daily volumes. Pull up a daily on yesterday, or any day, and you'll see it. Granted today's was larger than normal, so the odds go to the plus side. However, I do not have any basis for doing anything but options on a late opportunity like today.

If we got hook closed with that late rally (which still ended over 300 points down) then it won't take long tomorrow to head into the red. Otherwise any bounce at all allows you to sell call options bought late today.

snowmnag970 said:

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oldarmy1 said:

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This is MU minute chart. Over 900k shares traded on the minute mark when it had failed and hit days lows. Remember my rule on 2X highest volume intrady after initial 30 minutes trading? BINGO! That was a screaming buy. And it repeated across most shares. And as Frisco pointed out the final minutes had huge volume that held shares from retreating back to that bottom bounce low.

Can anyone see the chart?

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Negative, can NOT see the chart.

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I am hoping our market goes down hard tomorrow and we then have an intraday reversal. An intraday reversal has been a reliable indicator in the past.

Things are getting scarier.Good grief, I took a paper beating today.

The best chart I've seen about where this market might be heading.....my uneducated guess is we are headed for the bottom of the old uptrend channel (bottom dashed blue line) that would be pretty close to the Feb '18 low and a retest.

Another option would be to test cloud support down all the way at 2461....where I got that number a few pages back now. That might actually be the best case scenario long term as it would be the head of a possible inverted H&S pattern........

oldarmy1 said:

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The final minute volume includes settle on close orders and is always a spike above daily volumes. Pull up a daily on yesterday, or any day, and you'll see it. Granted today's was larger than normal, so the odds go to the plus side. However, I do not have any basis for doing anything but options on a late opportunity like today.

If we got hook closed with that late rally (which still ended over 300 points down) then it won't take long tomorrow to head into the red. Otherwise any bounce at all allows you to sell call options bought late today.

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I completely agree it was close orders. But that was probably well over a billion dollars to close it out. Someone was forced to buy at the close.

Futures reversed to red. DOW -85. S&P -11
Had a trade indicator go off filling futures at -12.75 which is where we hit lows yesterday.

If we lose this it's gonna be a bloody mess. Back to sleep with a limit sell at -15.

oldarmy1 said:

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Futures reversed to red. DOW -85. S&P -11
Had a trade indicator go off filling futures at -12.75 which is where we hit lows yesterday.

If we lose this it's gonna be a bloody mess. Back to sleep with a limit sell at -15.

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Thought you were overseas. Why sleep at 3:25 am central time?

Honduras

The open is going to be quite interesting to watch. It's not going to be a flat day.

I'm really not sure what to do here. I wish I would've closed early yesterday while up, I finished the day pretty low yesterday

Welp. Trump just destroyed amazon today.

Les Appelt 1999 said:

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Welp. Trump just destroyed amazon today.

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How so?