[matdog]

hey, guys i finally figure it out how to post it.

[matdog]

haha, finally did it. the video come from monday 1/5. prices reverse at 408. and went up 80+ pts.

[Soultrader]

Very interesting tape action Matdog. Couple of things I want to go over. It seems like the floor traders were looking for support at the test of the lows at 12418 - 12420. However, the locals get stuck on the wrong side trying to go long. This happens at times whenever the speaker mentions "Locals are stuck big time."

However, the locals do not necessarily liquidate a losing position even though they are stuck on the wrong side. They see order flow and tend to hold for a few if they sense a reversal.

Whats interesting is the big 10+ lot prints around 12410 to 12405 on the sell side. In this case I think the locals are actually selling to cut their losses. The speaker goes on to say "They are getting pounded out here." You can see the massive 10+ lots on the sell side from 12410 to 12405ish. Once that dried, paper came in huge to buy causing massive support. Witnessed by the 101 lot at 12408. All the supply disappeared around this level.

You can tell how big traders were trying to find support the markets at 12420. There is a big 101 lot at 12420 on the buy side.

From the observation of the tape.... if I was trading off the tape only I think I may have been stuck from 12420 as well. Even the locals got fooled.


PS: next time try changing the dimensions on camstudio. The .swf gets cut off a little on both ends. Camstudio has its default dimensions when you make it into a video. You can change it when you are editting it to the actual size.

[keymoo]

Great video Where do you get the audio feed from? Which markets can you get audio feeds for? Thanks.

[Soultrader]

keymoo,

Pm and I can send you a link to a pit noise service. Thanks