Trading Yak Caches with Bad Duck

This spring marked an uptick in geocaching from kayaks as Pat and I bought a pair. This interest was sparked originally by Mackie’s Paddle Me cache series place on Eel Lake back in 2007. In January of this year, Mr. Copper offered to take Bad Duck and I out in his kayaks to find caches at the mouth of the Umpqua River. That day whetted our appetite for getting our own kayaks. In March, Bad Duck and I spent a day on Eel Lake with Mr. Coppers yaks picking off those Mackie caches, although Darren had already found them in 2008….albeit in a much tougher water craft to propel! Finally, Pat and I bought our own - followed shortly by Darren getting his and extras for his family. Emeljay followed suit. All this to say it didn’t take long for the summer to fill with kayaking/geocaching adventures. A pattern would soon develop…...

Darren cleaning off the muck after stepping out of the Yak into knee deep mud!

For many of us, kayaking was getting so fun that when one of us would go out to hide a new water cache others would want to come along. Kinda makes it hard to hide something when people were watching but we were just always looking for an excuse to get out on the water - if it meant having some extra insight into the cache’s location…..so be it! Seems like once a week we were heading out to find a cache one person hid then turning around and hiding a new one. The next weekend the roles would be reversed! It didn’t make for hard-to-find cache locations but it has sure been fun!

Out on Eel Lake today with Bad Duck to find his latest placement - The Cattleyak - he also placed four new ones today, so I will be returning…....probably with a cache or two of my own to hide!

And the beat goes on…....!!

Posted by Mike on 10/03 at 02:03 PM
2010 • (0) Comments • Permalink

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Index Trading on High Volume

There are strong increase in volume on all indexes over the last 30 minutes. on intraday 1-min (1 bar = 1 min) chart the strong bearish volume (during the price decline) could be seen in period from 14:01 until 14:05 (3 minutes only). After that the price moved up and high volume associated with this move is basically bullish volume. It looks like during the drop the indexes and stock have hit levels that was set by many traders as to buy (whether to close long position, or open a long position). If the price continue to decline it would mean that there are no buyer to support this short-loved "buying explosion" and the power of bears is quite strong.

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Low Trading Volume

It looks like we are going to have today quiet trading on low volume. The Nasdaq 100 index is trying to push modestly higher , while the S&P 500 and DJI are pushing market in opposite direction. Respectfully, money flow is slightly different on these indexes. I would not expectant significant movement by the end of this trading session.

The fact that the volume down could mean that main movements in investments positions of "Big Guys" is over.

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6 Sessions of Wild Trading

As I mentioned today, the advance on the indexes (S&P 500, DJI and Nasdaq 100) halted and slightly reversed as indexes came close to their highs seen on October 18, 2010.

A few points to consider:

- it is already sixth trading session in a row as S&P 500 and DJI indexes have wild swings on high volume at the current resistance level;

- today's advance was accompanied by high volume and it could be assumed that negative money flow accumulated yesterday has been compensated by today's positive money flow accumulation;

- volatility is increasing - this would favor bearish trading;

- yesterday's extremely low advance/decline readings on NYSE and S&P 500 are still may affect he trend and push indexes higher;

- QQQQ, SPY and other ETFs advanced slightly after the market closed.

So far technical indicators on 5-min and 15-min charts are slightly bearish. 30-min and hourly chart have mixed signals and I would consider them neutral. I we see a decline tomorrow after the market opens (as suggested by smaller time-frame chart) I would keep an eye on 30-min charts for bearish signals.

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