$wPCR BUY Pgm CI CI Diff DCI DJ DR1, DR2 & DR3 DP DS1, DS2 & DS3 DV ES Fair Value

Flag Pattern IVBO MR1, MR2 & MR3 MP MS1, MS2 & MS3 MA Market Speed O Meter MIV MOC Orders NFP NQ OC

PCR PPT Quadruple Witching Friday R/T SELL Pgm Sigma Channels Spread Indicators Triple Witching Friday Uncle Ben WR1, WR2 & WR3 WP WS1, WS2 & WS3

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• A)   First, make sure you have erased your Temporary Windows & Internet Files for your (generic) Microsoft or Netscape Browser.   Do NOT use other browsers.   They probably will not function properly with our website and we do not have the time to give you the tech support you need in order so you can debug your system.   Here is more details on how to clean up your computer.
  
  

• B)   Second, make sure your PC or MAC has the latest Java by clicking here: www.Java.com   This verifying / updating process will also resolve the "Your Browser is not Java-enabled" Error Message.
  
  

• C)   Java-based Trading Rooms and Wireless Connections do not mix very well.   Expect to see many connection drop-offs.   Try to login from a hard-wired connection and avoid being frustrated.   Save your sanity for your trades that won't go as planned.
  
  

• D)   If you are behind a company firewall and depending on its programmed settings, your access to any trading room may be restricted, not just to ours.   Check with your System Administrator that controls your firewall or login from home.   Chances are that you are inside a firewall that doesn't allow the applet ports to pass through.   These ports must be enabled before you can talk to our Chat Server: TCP:7777, TCP:7877, and UDP:7877.   If you have recently installed a new version of Norton Antivirus or recently enabled Windows Firewall, then this could be the source of the problem.   If this is the case, you'll need to add exceptions for the Chat ports.
  
  

• E)   There is no audio in our trading room. We offer On-the-Run Commentary in clear text format with Streaming Charts. Keep in mind, this is not Hollywood. THIS IS A SERIIOUS WEBSITE DESIGNED & RUN BY ACTIVE TRADERS FOR ADVANCED TRADERS. As a proprietary derivative data vendor, majority of our bandwidth is set aside for our data.

• F)   Once you are on in our Virtual Trading Room, click on "Transcript Archives" button, in the lower right hand side, to read the conversation threads for the last 10 weekdays. If you have a One Day Pass, you will only see that day's transcript.

• G)   The Streamer is the first link under SuperPlatinum Menu. We post live eSignal or TradeStation charts that relate to the current conversation thread in the Trading Room. It automatically refreshes every 15 seconds in your browser.

Please also visit our Options Glossary page for general options terminology.

Please also visit our Price Intensity Charts Indicators page for specific information about what all these indicators mean.

BUY Pgm
We monitor large institutional program trading activity.  Buy Program is when they buy a basket of large cap stocks and hedge their position in the underlying futures market concurrently.

CI Indicator
The Central Intelligence (CI) study is ideally suited for trend- and momentum-based trading. It's configured to respond properly for intraday trend detection during the opening hours of the trading day. This is the ideal momentum indicator for day trading high-beta stocks, sector ETFs or futures on a gap-up or gap-down day.   GET IT NOW

CI Diff Indicator
The Central Intelligence Difference (CI Diff) study is an anticipatory derivative indicator of the CI Indicator. For high leverage trades, the CI Diff Indicator acts as an early warning for upcoming trends in the CI Indicator.   GET IT NOW

Dual CI Indicator
The Dual CI (DCI) study can be used to look for non-conforming bullish and bearish divergences. Because the inputs of the DCI indicator are user-definable, the user can manipulate and / or optimize it for different markets and / or different bar intervals. A divergence occurs when a price revisits a recent channel breakout high or breakdown low while the accompanying indicator fails to do so. Market technicians call it a non-confirmation. Divergence typically provides entry points with an acceptable risk-to-reward ratio.   GET IT NOW

Daily Resistance Levels
Daily Resistance Levels (DR1, DR2 & DR3) denote three increasing measure of market overbought conditions.  Each day, a number of traders begin their trading day with plans to fade, or sell into, these levels.  The Resistance lines are usually drawn in RED.   GET IT NOW

Daily Pivot Level
Daily Pivot (DP) is synonymous with 'fair value'.  This is the neutral price zone or expected value.  Pivot line is drawn in YELLOW.  GET IT NOW

Daily Support Levels
In like fashion, Daily Support (DS1, DS2 & DS3) denotes three increasing measure of oversold conditions.  Similarly, each day, some traders' plans include fading, or buying at, these levels.  The Support lines are usually drawn in GREEN.  GET IT NOW

DJ
DJ is the symbol for DOW Futures (trades on CBOT regular day session only).  Unless indicated otherwise, all references in our trading room communications to DJ is to the front month contract.

Directional Volatility Indicator
The Directional Volatility (DV) study is an indicator that helps you avoid being in the markets during Small Range days and, rather, focus on taking a 70% chunk out of a directional move during the Big Range days.   GET IT NOW

ES
ES is the symbol for E-mini SP 500 Futures (trades electronically only, 24 hrs a day on GLOBEX).  It is one-fifth of the Big Contract (SP, which is traded in a pit at CME).  Unless indicated otherwise, all references in our trading room communications to ES is to the front month contract.

Fair Value
Fair Value is the theoretical value at any given time, that an equity index futures front month contract, i.e., SP, should trade above its underlying cash index, i.e., SPX, due to the time value of money.  Intraday, its value may change by a small amount. Four times a year, on Equity Index Futures Expiration Day, Fair Value, by definition is zero.  That is why roll to new contract approximately a week earlier.

If the actual value, i.e., $PREM, deviates from Fair Value by a large percentage, it often triggers BUY or SELL Program Trades by big market participants.  We compute Fair Value for both SP & ND futures, in real-time, in our Market Speedometer Excel worksheet.

Flag Pattern
Flag Pattern works well during market sell-offs.  Prices drop very fast at the outset, make a small reaction, typically hit a 18 or 50 period moving averages and then head south again in a big way.  Usually completes during the last hour of trading.  But the set up could take a couple of hours.

Intraday Volume BreakOut Indicator
The Intraday Volume BreakOut (IVBO) study helps you identify upcoming moves during seemingly sleepy hours of the markets, hours often used by smart money / hedge funds to mask their true trading intent (i.e., accumulation / distribution).   GET IT NOW

Monthly Resistance Levels
Monthly Resistance Levels (MR1, MR2 & MR3) denote three increasing measure of market overbought conditions.  Each day, a number of traders begin their trading day with plans to fade, or sell into, these levels.  The Resistance lines are usually drawn in RED.   GET IT NOW

Monthly Pivot Level
Monthly Pivot (MP) is synonymous with 'fair value'.  This is the neutral price zone or expected value.  Pivot line is drawn in YELLOW.   GET IT NOW

Monthly Support Levels
In like fashion, Monthly Support (MS1, MS2 & MS3) denotes three increasing measure of oversold conditions.  Similarly, each day, some traders' plans include fading, or buying at, these levels.  The Support lines are usually drawn in GREEN.   GET IT NOW

MA
MA stands for moving average.  We use simple MAs.

MIV
MIV stands for Market Implied Volatility.  Please see our Glossary & Tutorials for more detail.

MOC
Orders MOC stands for Market On Close.  MOC orders are what NYSE specialists & NASDAQ market makers track during the last half an hour of each trading day.

Market Speed O Meter
We monitor, in real-time, the equity indices, their derivatives and related program trading activities from a proprietary Excel worksheet that we devised some five years ago and have refined it many times since. We call it Market Speed-O-Meter.  We use Lehman Bros. RealTick for its data feed.

NFP
NFP stands for Non-Farm Payroll.  It is released as a part of the Employment Report by US Dept of Labor at 0730 CT on the first Friday of every month.  This is the most important economic data affecting the US Treasury Bonds, Notes, Stock Index Futures and US Dollar prior to the Cash Markets' Opening Bell.

NQ
NQ is the symbol for E-mini NASDAQ-100 Futures (trades electronically only, almost 24 hrs a day on GLOBEX).  It is one-fifth of the Big Contract (NQ, which is traded in a pit at CME).   Unless indicated otherwise, all references in our trading room communications to NQ is to the front month contract.

OC
OC stands for Option Chain.  Simply, it is all of Call and Put contracts for all the months, including long term options (LEAPS) for a given underlying asset.

PCR
PCR stands for Put/Call Ratio.  Unless indicated otherwise, all references in our IM communications to PCR is to the DOLLAR-WEIGHTED Put/Call Ratio($wPCR).   Please see our Glossary & Tutorials for more detail.

PPT
Plunge Protection Team has been that the "Working Group" established by law in 1988 to buy the markets should declines get out of control.   It is suspected by many market watchers that PPT has become far more interventionist than was originally intended under the law.   There are no minutes of meetings, no recorded phone conversations, no reports of activities, no announcements of intentions.   It is a secret group including the Chairman of the Federal Reserve, the Secretary of the Treasury, the Head of the SEC, and their surrogates which include some of the large Wall Street firms.   The original objective was to prevent disastrous market crashes.   Lately it seems, they buy the markets when they decide the markets need to be bought, including the equity markets.   Their main resource is the money the Fed prints.   The money is injected into markets via the New York Fed's Repo desk, which easily shows up in the M-3 numbers, warning intervention was near.   As of April 2006, M-3 is longer reported.

Quadruple Witching Friday
Simultaneous expiration of Stock Index & Equity Options, and Stock Index & Single Stock Futures.  Occurs on the third Friday of last month of each quarter.

R/T
R/T stands for real-time.

SELL Pgm
We monitor large institutional program trading activity.  SELL Program is when they sell a basket of large cap stocks and hedge their position in the underlying futures market concurrently.

Sigma Channels
In statistics, Sigma means standard deviation from a mean. In trading, when we say "GOOG is at +2 Sigma," it means Google is trading at 2 standard deviation above its mean, hereinafter its 20 day moving average (i.e., it is at Upper Bollinger Band). As avid students of volatility, we monitor prices using +3, +2, +1, -1, -2 and -3 Sigma Channels. This method tells us how "stretched" the prices are. A good long trade normally is when prices move between +1 and +2 Sigma Channels. Conversely, a good short trade normally is when prices move between -1 and -2 Sigma Channels.

Anything beyond +/- 3 sigma channel is an outlier event.

Spread Indicators
Inside our Market Speedometer Excel worksheet, we measure, in real-time, the difference between the theoretical ES & NQ futures and the actual ES & NQ futures.  We call these Spread Indicators.  This info is far more relevant that the daily BUY & SELL thresholds published, statically, in the earlymorning hours on the Web or financial TV stations.

Triple Witching Friday
Simultaneous expiration of Stock Index & Equity Options, and Single Stock Futures.  Occurs on the third Friday of first two months of each quarter.

Uncle Ben
Uncle Ben stands for the venerable Dr. Ben S. Bernanke, former Chairman of Economics Dept. at Princeton, who is now serving his first term as the Chairman of the Board of Governors of Federal Reserve System.

Weekly Resistance Levels
Weekly Resistance Levels (WR1, WR2 & WR3) denote three increasing measure of market overbought conditions.  Each day, a number of traders begin their trading day with plans to fade, or sell into, these levels.  The Resistance lines are usually drawn in RED.   GET IT NOW

Weekly Pivot Level
Weekly Pivot (WP) is synonymous with 'fair value'.  This is the neutral price zone or expected value.  Pivot line is drawn in YELLOW.   GET IT NOW

Weekly Support Levels
In like fashion, Weekly Support (WS1, WS2 & WS3) denotes three increasing measure of oversold conditions.  Similarly, each day, some traders' plans include fading, or buying at, these levels.  The Support lines are usually drawn in GREEN.   GET IT NOW