Tuesday, October 18, 2011

Pretty Amazing

Yesterday at the close  I showed charts showing accumulation, we didn't see them materialize overnight so at first it was a seemingly useless signal, however today they have been fulfilled, which tells me that what we were seeing yesterday was the market acting on news that the rest of us would have to wait a full day to hear. That's the information curve and trading insider knowledge in a totally corrupt and rigged market.

Here are the ES indications EOD...

 ES 1 min in a relative negative divergence, although you can see two accumulation points, 1 a bit before the news about EFSF was released.

 Here's the 5 min ES 3C chart showing the positive divergence in to the EOD yesterday, as I noted VERY early this a.m., I was surprised ES hadn't moved as much as 3C indicated, it just took a bit longer.

And a close up of very early a.m. ES trade into the NY open and a current relative negative divergence.

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