As we head into the close of Sept series, the market achieved it’s fairest price today.
The fairest price is always a converging developing point of control and a vwap which is a volume weighted average price.
When the two are together, it generally means that buyers and sellers shared honours for the series.
Have a look :
With 2 full sessions to go, the market is conveniently placed.
In the trading room, we have noted the disconnect of one trading session with the next .
The market it seems is playing out in three parts, with a session in the morning from 9.15 to 12.30 , then Europe decides the moves between 12.30 to 3.30 and finally the traders of the US decide the next day’s open by playing out from 3.30 pm to 9.15 the next day.
As you can see it’s kind of hazardous for me to talk about what will happen 2 sessions from now.
But if you are one better, I invite you to take a guess on the expected series close.
… And if you can do a good job out of it, the closest person will get one full month of Vtrender Live- Our Trading room absolutely for free from the coming Monday !!
If you are an existing subscriber and you nail it, you get for your self one month of credit into your next billing cycle.
The rules are simple- There are only 2.
a) Just call out the series close for September
b) You need to do it before 12.00 noon on Thursday 29/09/11.
You can either post your view here or send a mail to vtrender@gmail.com.
Start thinking…
