Wednesday, December 12, 2007

The Rollover

For Thursday,

You should be trading the March contracts in the emini S&P and other equity index futures -
On your TradeMaven -
1. select "Trading"
2. Select "Profiles" - This will pull up the profile logon mini-screen.
3. The bottome drop-down selector is "Contract Expiration"
on PATS - Change this to MAR 08; on TradeMaven Sim- Change to H8.

Open Interest -
Here is where I get the OI figures - http://www.cme.com/trading/dta/hist/dbindex.html

Rollover doesn't matt - you are looking at TOTAL OPEN INTEREST - Higher OI on falling market indicated the trend will continue lower.

Open interest rose on the Fed Announcement on falling prices - trend is going lower - higher OI off todays move will be a huge confimation - that will hit the site early tomorrow - Continue to sell

Volume Driven Support and resistance for Thursday Dec 13th: