ALSI futures

[SimonPB]

-155 (0.53%). DJ futures -28

[john_1]

that be -280 now.

[SimonPB]

I seemingly do not get real MTM values from Reuters ...

[john_1]

I have the last trade at 28440, did not check the M2M just was watching as the market closed..What did you have it as.

[SimonPB]

29440? that's what I got for last trade.

[john_1]

Yes 29440 sorry. the market at 29160

[cfm]

DB is showing 29335 as the MTM

[Russ]

M2M,John?I always suspected.

[#9]

yes me too..

[saash]

Eany meany miney mo - which gap is going to go.

[john_1]

LOL I always believe in the most recent gap as the one to watch as the fear, greed of the day before has already been worked out into the market, but there is no hard and fast rule. I always wait and let the market tell me.

[saash]

by your definitions, was there even a gap on the open today? And then of course, isn't your system starting to tell your head to go short?

[john_1]

yes to gap no to short.

[john_1]

very sweet trade on the up side yesterday,

[saash]

I didn't take a gap trade yesterday. But I'm interested that you did. Previously you made a point that the low risk trade is where the gap is below the low of the previous day. In this case - that leaves no gap. The close in this case was to the previous days close (and then some, for the really brave!).

[john_1]

Sorry I am struggling to understand what you mean. In my world there are 2 kinds of gaps. 1. gap from 4th-7th april, where the open on the 7th exceeds the high of the 4th. The second kind 7th -8th april were the open is lowere than the close but this takes place within the previous days trading range. Both are equally powerful. The only diffrece is were I define my entry and exit. I hope this helps.

[saash]

ok, so you swing both ways?

[john_1]

No! But I do trade both sides of the market.

[RDB]

thanks for the laugh john

[john_1]

TX