Hello Charles - Have a look at the GOLD [XUAUSD] top - 5
months ago.
Then look at today - and it just shows the non-US [i.e.
global] volatility...
Volume on the futures sure is highest during the US "pit"
sessions - but the largest volatility can be when those when the US
"pit" markets are closed... at least - that is how we see
it... Global E-trading has indeed spiced up our
lives..... FWIW - pki
Thanks for the great charts. I know there are several
other indicators Matt looks at too to help see if it's actually a
reversal, or just a bounce. He and Steve were saying
something the other day about buying/cash flow? had to be very low,
way under 100K whenever there's an actual bottom. I
guess everyone is bearish and selling like with capitulation days
in the market. Said the #s only come out once a week or so,
and wasn't quite low enough yet, but after today....
Thanks again for the info and excellent charts on gold, pki.
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Volatility Tops and ?? Bottoms
Make
Posted by pki on 15th of Aug 2008 at 05:36 am
Hello Charles - Have a look at the GOLD [XUAUSD] top - 5 months ago.
Then look at today - and it just shows the non-US [i.e. global] volatility...
Volume on the futures sure is highest during the US "pit" sessions - but the largest volatility can be when those when the US "pit" markets are closed... at least - that is how we see it... Global E-trading has indeed spiced up our lives..... FWIW - pki
Volatility Tops/Bottoms?
Posted by charlie on 15th of Aug 2008 at 06:12 am
Thanks for the great charts. I know there are several other indicators Matt looks at too to help see if it's actually a reversal, or just a bounce. He and Steve were saying something the other day about buying/cash flow? had to be very low, way under 100K whenever there's an actual bottom. I guess everyone is bearish and selling like with capitulation days in the market. Said the #s only come out once a week or so, and wasn't quite low enough yet, but after today....
Thanks again for the info and excellent charts on gold, pki.