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SPY Market Profile Since August 3rd
A comprehensive market profile chart for the SPY since August 3.
and a slightly enhanced image:
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Tyler - could you please post a larger version of this chart? I do have eagle eyes but am having a tough time with this one. Thanks mate.
Looks like space ships gathering to attack the Death Star
Star.
looks like sea horses to me.
p.s. my math question to post this:
(minus eleven) times -32 equals -352?
jeez..let me remember...a minus times a minus equals a positive?
and a positive times a negative equals a negative? (help me lord)
i guess i answered it correctly...it posted.
I think the current Bernanke will end in Oct. when Obama decides whether he will be reappointed or not. I am quite surprised with how many articles talking about how Bernanke gets "A vote of confidence". I am guessing that if the stock market rises, then that always means that Big Ben is doing a great job??
Can someone please briefly explain what exactly I am looking at? Thank you
volume and price distribution on a timeline.
ditto
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
http://www.profiletrading.com/
NICE
FOR THOSE WHO DON'T KNOW...THIS IS THE OLD ATARI GAME CALLED "ZAXXON"
http://upload.wikimedia.org/wikipedia/en/4/45/Zaxxon.png
Ha ha ha - I used to love Zaxxon - played it on my best friend's Commodore 64.
PLAY THIS CLIP OF ZAXXON...I THINK IT TOTALLY DESCRIBES THE SITUATION
http://www.youtube.com/watch?v=cHORFz6ZCC0
man that one hurts my brain...
strange times we are living in
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
In other words, closing levels are determined within the first half hour of trading. A totally manipulated, bogus stock market. Don't be the last one without a chair when the music stops!
What tool you use to get this nice maps Tyler?
Bloomberg Terminal. They only run about $1,500 a month.
WHEN equities, commodities, bonds, treasuries and the dollar all collapse; is there anywhere to be safe (other than in a bomb shelter w/ a lot of food, guns, & ammo)?
In said shelter with a cadre of like minded mates.
Pick yours out soon, or you'll be facing me and the minions of Humongous roving the wastlands in search of juice.
I call a place on the dam with Tom Petty and his posse. The zip line looks like fun.
Antiques and collectables, 'cause no matter what, some idiot will pay $3,000 dollars for Paris Hilton's underwear.
Goddam, I want a bloomberg terminal!
You know that, given any time series, it is very straight-forward to generate the market profile, right?
See the link for a MATLAB script to do just that:
http://tradingwithmatlab.blogspot.com/2008/06/creating-market-profile-wi...
http://www.amazon.ca/Steidlmayer-Markets-Trading-Market-Profile/dp/04712...
must read
How do these bastards get away with it???
I followed the directions on the first image. I pressed "Help" for explanation. It came back "Does not compute"
Well. Watcha need to do is look at them little bow lookin thingamijiggers on the chart. They show when the transactions get pushed through the Cuda swap compressitron 9000. And when they are peakin way outside the bow like a teenage pecker in a whore house. That's when they been passed through that thar IBM expansionmaster 4000. Now you gotta watch these things closely or else they just get all mixed up and it's kinda like sticking a vibrator in a fleshlight and it just aint purty. So you wanna make sure your chiller temps are good till you can get them calmed down.
Who cares? The dollar is doomed anyway.
What is the reuters symbol for SPY?
should be
SPY1c1:OX
so should we hope for a break below 1010 soon? In a normal mkt I would say we are v close... there are nice divergences as well.....
"volume and price distribution on a timeline."? I don't really get what I'm looking at. A comprehensive legend for this chart might help. I know it's financial blog and not a baby siting blog, but still I'd like to understand... Thanks!
using the second image, think of a 30-minute bar chart. instead of a bar, you'll see a different letter for each 'bar'. and instead of displaying the day as sequential bars, the 'bars' are horizontally compressed.
the horizontal lines indicate an area of value, as dictated by market activity. using a bell curve model, value will equal roughly 70% of the time or volume traded over the range of prices for the session.
the stack of green bars to the right of the letters is, i assume, volume at price.instead of how many times did we revisit a price, this answers the question of how many contracts or shares traded at a given price.
this is all just a technical description and doesn't address the theoretical concepts involved. i do hope that helps. if not, let me know :-)
It really helps to understand how to read this kind of charts, thanks! BTW, are those charts explained in the bloomberg's terminal manual (if there's one...) or is this a general knowledge in the finance world?
For the theoretical concepts involved, I guess I'd have to dig a bit more but being able to read the chart already gives some hints. Thanks again!
And the bows are the bell curves you fit into for everything. And if they look very normal to you then congradulations you are an island owner. Your name is Dr. Moroeu too by the way. It's true you shouldn't expect pretty bell shaped curves because of the way swap spreads work but GOD DAMN those things are crazy.