Wednesday, September 30, 2009

When Economic Reports Are Game Changers


The Market Delta chart shows the dramatic selling on the weak Chicago PMI data, with greatly expanded volume hitting bids. We know when an economic report is a game changer when we greatly expand volatility and volume is one-sided, hitting bids or lifting offers. Recognizing the shift in volatility and intraday sentiment is key to capitalizing on these moves--or avoiding getting run over by them!
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2 comments:

qweqwe said...

Shop Craigslist for XMAS. Its Green, helping out your fellow man so they can have Christmas too!

Eric said...

post hoc ergo propter hoc.

we were down 50 at that point. Even Pisani caught that one.