Friday, June 1, 2012

May 31st, and June 1 - algo

What an amazing two days... the volatility has been in credible and with it the profit of the algorithm trades.
Look at the chart below for Thursday May 31st.... the algo struggles a bit to find the bottom and a good bounce area, finally after multiple oversold indications the market bounces.... I'm specially proud of the over-bought trade indication which was given at 3:38pm at 1318.75, which happened to be the EXACT top of the day... followed by a 12 point decline in the market.

Check out the signals realtime on Twitter www.twitter.com/midtownam



Below is today's chart with a single algo indication, although it lead to a bounce, it wasn't the best bounce.