The Market Guys Blog » AJ Monte and Rick Swope Q&A in The Investor

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PIN PRESSURE INDICATOR™

Using Pin Pressure as a leading indicator for setting price targets

AJ Monte, Chief Market Strategist for the Market Guys, has written a paper for the Market Technicians Association on the Topic of Pin Pressure.

This document was grounded in research conducted by the University of Illinois showing how Option Trading Volume affected the price of the underlying stock in which the option contracts where traded.

From this paper, AJ has developed the Pin Pressure Indicator™ which is a calculation that computes the combined open interest traded at various strike prices and uses this data to determine price targets for individual stocks as we approach options expiration Friday.

2 AJ Monte and Rick Swope Q&A in The Investor

Posted on January 22, 2009 by AJ Monte

The Market Guys are featured again this month in The Investor, Ireland’s leading financial magazine. Their Q&A column is becoming a regular feature in this popular investing and trading publication. This month’s Online Trading column discusses bottom-fishing and daytrading as a career.

This entry was posted on Thursday, January 22nd, 2009 at 11:14 am. It is filed under Uncategorized and has been tagged under daytrading, Online Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a comment or trackback from your own site.

2 Responses to “AJ Monte and Rick Swope Q&A in The Investor”

From: Donald Manning January 22nd, 2009 at 5:38 pm
I try to use a moving average to help identify changes in short term trends. I generally hold a trade for about 2 to 3 days because I try to trade bounces off support or resistance but have very mixed success in identifing when these mini-trends are going to turn.
Can you give me any suggestions. I have your 5 points book and joined your webnair at noon today. Unfortunatedly, I was unable to get my message area to work so I used the chat area but i guess you don’t respond to that.

Thank you
Don Manning
don1002@cox.net
From: Rick Swope January 22nd, 2009 at 7:01 pm
Moving averages can be useful even on the short time horizons you mention. Two suggestions: 1. Tighten up the moving average a bit – maybe switch from 50/200 to 20/50 or even 12/26. 2. Try changing from simple moving average (SMA) to exponential moving average (EMA). The EMA is more sensitive to quick price movements and will indicate changes a bit faster.