Yeah, thanks for confirming my understanding of what Ben does. What's I'm trying to find is.... is his service useful or not to traders.
Do you fade his observations like "One of my largest brokers has plenty to sell... Merrill just sold 200 and is looking for more..."? You get the point....
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Ben doesn't make calls, he just reads out the bid, ask and trade prices and describes what's going on in the pit.
Pit noise is just a very imprecise way of measuring volume on the SP contract. You'd be better off looking at ES volume which is where all the liquidity is. Pit noise is not going to give you some secret, magical "edge" which other traders haven't discovered. |
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