Comments on: Thursday’s Trading – 12/24/09

By: George

George — Mon, 28 Dec 2009 03:34:53 +0000

I’m a gapaholic.

Phil challenged the “every gap will be filled sooner-or-later” axiom by pointing out that AAPL had several daily gaps years ago that have not been filled – yet.

I checked on those gaps. I don’t have the link that Phil gave but I did some research on AAPL with two of the gaps the author pointed out. Sure enough, they were filled.

http://i49.tinypic.com/33aqioy.jpg

http://i46.tinypic.com/2m816qu.jpg

Then, later on I found some that were not filled on the daily (yet). Surprise!

http://i49.tinypic.com/2l8e0at.jpg

So I looked at the weekly and there were NO GAPS where there were daily gaps. I couldn’t figure that one out until I noticed those daily gaps were, what I call, “back-filled”, meaning, during that week, they had a previous low or high that nulled the daily gap.

A light bulb went off and I immediately checked SPY’s current daily gaps to see if there was a lingering weekly gap. Sure enough, the weekly gap I posted earlier is in line with the daily. I’m figuring that is going to be a big deal.

So the conclusion is that while some time frame gaps will be unfilled, another time frame during that period may or may not have a gap and that will lessen or strengthen its affect.

Thanks Phil for giving me another technical challenge. Best way to learn.

By: admin

admin — Mon, 28 Dec 2009 01:47:51 +0000

SSI,

I really don’t know. I have never used eSignal or NinjaTrader. I would guess though that copying code from one to the other wouldn’t work.

Matt

By: Self Similar Idiot

Self Similar Idiot — Sun, 27 Dec 2009 23:40:57 +0000

A programming question for Matt – eSignal has a code block for their FDI which I think is in javascript. This can be inserted into NinjaTrader’s custom indicator wizard which is meant to take C#. It gives just 5 lines with any errors – all “expects ;” . With these fixed, there is only an error on the last line of the eSignal block that says “expects statement”. If you supply this ending statement, would this code compile and produce the FDI? What statement needs to go there?

By: dressguard

dressguard — Sun, 27 Dec 2009 23:28:43 +0000

Hi folks,

you guys must be multi-millionaires by now! Prospero ano y felicidad!

By: George

George — Sun, 27 Dec 2009 15:26:51 +0000

Here’s the SPY up-gap from November 9 on a weekly chart. It is very narrow, ~.40+ cents. On the daily it looks more significant. An outstanding gap on the daily and weekly in itself is significant.

I would expect it to be filled at some point.

http://i48.tinypic.com/2rpsf8o.jpg

By: Julie

Julie — Sun, 27 Dec 2009 01:19:49 +0000

K,
A good indicator to look at every trading
day is the SPX full sto (5,3,3). A lot of
people tell us they don’t trade futures
because they don’t like margin. I don’t
see any difference between margin and
the money you need in your account to
trade stocks or options.
Hope you got your raise.

By: K

Sat, 26 Dec 2009 21:25:59 +0000

I’m in the process of closing my forex accounts to focus on equities… stocks + options.

hoping in a few years to have enough capital to take a stab at futures.

By: K

Sat, 26 Dec 2009 17:38:46 +0000

if you dont feel like clicking my link here are a few things sent out to all airlines now

- Not allowed to have any items or anything on your lap for the last 1 hour of flight
- Not allowed to go to toilet during that time either
- Crew doesn’t tell about cities or landmarks so passengers don’t know where they are flying (it’s so hard to time that on clock)

so if the flight from boston to new york is less than 1hr it seems like i’ll need to sit down the entire trip?

I know my option to detroit now… rent-a-car!

Hasta la vista airlines! i’ll wait for my moon rocket next time i Fly

By: K

Sat, 26 Dec 2009 17:21:07 +0000

I agree with this article!
http://www.businessinsider.com/hey-travelers-you-wont-believe-the-draconian-security-measures-coming-your-way-2009-12

Short Airlines!!

By: K

Sat, 26 Dec 2009 06:35:18 +0000

Julie,
I’m losing hope but without it i’ll look for job elsewhere.

Odds are 1:6 now but i believe i’m that 1.

if not… my own part time business has boomed since i sent the “thank you” notes to customers in november.

Have a happy Post Christmas and be on the lookout for links… oh wait.. lol 27th to 2nd I will not read news and trade just charts.

ok 1 more day of potential links guys/gals