CISCO


CISCO Futures
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dljones@cisco-futures.com



Meta-Profile for Day Trading: DJ Index, May 17, 2005
May 30, 2005
Copyright CISCO Futures, 2005


Day trading with the Meta-Profile/Visual Graphic is based on these facts:

1) Overlay Demand Curve (end-of-day Visual Graphic) shows the state of the market on a 1, 5, 10 and 20 day scale. The 5, 10 and 20 day Overlays can be read for any balance from 2 to 20 days. Meta-Profile is the source of the latest day's value area (short term support and resistance). Balances for the various timeframes provide support/resistances for those timeframes. A 1 day balance will generally have a different support and resistance from a balance for a longer term.
Overlay Demand Curve Background

2) Meta-Profile for the latest completed day provides near term support and resistance (value Area).
Market/Meta Profiles Background

3) Meta-Profile for the current trading day shows the markets runs and pauses. A pause is an alert that the run may be over and so, it may be the time to exit.

4) A breakout from a balance is an early alert for the start of a directional (trending) market. The breakout signals a potential change in value.

5) Locating the short term and longer term support and resistance pairs orients a trader for a series of confirming breakouts when a market starts to run. The trader thus has a roadmap of the direction of the market movement and mileposts to mark the progress.

6) CISCO generates the auction market data required for value based trading systems. The trader does not need a PC program or data base, just an understanding of market dynamics and access to the CISCO data. Step-by-step directions for getting Profiles and Overlays from the CISCO System are in the appendix at the bottom.

Developing a Trading Strategy
Market Strategy and one's personal Trading Strategy are discussed in detail in the earlier article on DJ Index trading for May 18, 2005 (see References page). We chose the 18th as an example simply because a customer called, asking about it. What we told that customer is worth passing on. Trading the 18th turned out to be one of those types of days traders are warned against "never chase a market", i.e. after a trend has started, trying to get a piece of the action can prove to be dangerous. The point we made with the 18th was that a knowledge of value could make entering in the middle of a trend less risky. After working out the 18th, it occurred to us that showing the start of the trend the previous day or sometime before could be educational. As it turned out, the trend started on the 17th. Our job here is to develop the market strategy for the 17th..
Meta-Profile and Overlay for Day Trading




Visual Graphic
How do we find Market Condition and trading action points? Basically, we use the Meta-Profile and it's big brother, the Overlay Demand Curve, along with some other market reference points at times. Value is the key. Changing value implies trend, stable value denotes balance. A convenient source of these data is the Visual Graphic (VG), shown below. VG gives an extensive survey of the last 20 market days. Change is incremental and continuous. To understand today you must know yesterday and so on.



The Visual Graphic for the close of trading on May 16 prepares us for trading on the 17th. There is a large amount of detail in the VG, but we will concentrate on the Profile and the 5 and 10 day Overlays.

Profile in the form of 1/2 hour bars is shown as the solid vertical bars on the far right of the display (30m bars). We see the first 13 half hours were stable and balancing while the last four are directionally up. The market changed value late in day. The Meta-Profile value (below the bars, VA U and VA L) is 102490 - 102160. But market changed value late in the day and the profile calculation covers a day that is really double valued. How trustworthy is the Profile as a representation of value in this situation? Not very, since the profile calculation assumes balance.

What can the Overlays tell? The five day Overlay is just to the left of the dashed vertical lines inside the profile. It has a single distribution, but the close (103370) is above the distribution, so the 5 day indicates an uptrend started at about 103200 (breakout).

Turning to the ten day Overlay (middle one); it is in balance. Upside breakout price is 104000, if the market trades that high.

What do we know about market condition that we can use for guiding tomorrow's trading?
1) Meta-Profile is in balance (102350 - 101800).
2) Five day Overlay is in balance (103350 - 101300).
3) Ten day Overlay is in balance (104000 - 101300).
3) Twenty day Overlay is in balance (103950 - 100600).

 
  Recap:  Market Condition from Visual Graphic:  DJ End of Day May 17, 2005:

                Meta-Profile      5 Day Overlay       10 Day Overlay

   Resistance         102350             103350               104000

   Support            101800             101300               101300

   Close: in balance
   Market condition: in balance
   Meta-Profile:  in balance
   Five Day Overlay: in Balance
   Ten Day Overlay: in Balance
   Twenty Day Overlay: in Balance
  Meta-Profile
   Trading above 102350: breakout, alert for upward directional move
   Trading below 101800: breakout, alert for downward directional move
  Five Day Overlay
   Trading above 103350: confirmation of upward directional move
   Trading below 101300: confirmation of downward directional move
  Ten Day Overlay
   Trading above 104000: 2nd confirmation of upward directional move
   Trading below 101300: 2nd confirmation of downward directional move
  Twenty Day Overlay
   Trading above 104000: 3rd confirmation of upward directional move
   Trading below 100600: 3rd confirmation of downward directional move
 
Step two examines the overnight market as precursor to the open.
 
   Premarket 

            Commodity:  YMM - MINI DJ 5 (CBOT)A/C/E
         Trading Date:  20050517
           Start Time:  00:00
            Stop Time:  07:19
         Profile Type:  30 minute
 
 
         CISCO Meta-Profile
-------------------------------------------------
                        V Tick      30 minute
    Price  TPOs         A Count     Tick Bars
-------------------------------------------------
    10242  n                1         n   
    10241  n                3         n   
    10240  n                5         n   
    10239  n                8         n   
    10238  lmnp            10       lmnp   
    10237  lmnp            11       lmnp   
    10236 *jlmnp           17     j lmnp   
    10235  jklmnp          16     jklmnp   
    10234  jklmnp       |  16     jklmnp   
    10233  kmnp         |   8      k mnp   
    10232  pq           |   8          pq   
    10231  pq           |  12          pq   
    10230  pqr          |  13          pqr   
    10229  qrZ          |   6           qr      Z   
    10228  qrZ*         |   7           qr      Z  L
    10227  qrxZ         |   9           qr     xZ   
    10226  qrswxZ       |  14           qrs   wxZ   
    10225  qrswxZ       |  27           qrs   wxZ F 
    10224  qrstwxZ      >  22           qrst  wxZ   
    10223  rstwxZ       |  16            rst  wxZ   
    10222  rstwx        |  13            rst  wx   
    10221  rstvw        |  10            rst vw   
    10220  rstuvw       |  15            rstuvw   
    10219  stuvw        |  21             stuvw   
    10218  stuvw        |  22             stuvw   
    10217  stuvw        |  24             stuvw   
    10216  stuvw        |  13             stuvw   
    10215  tw               6              t  w   
    10214  w                3                 w   
    10213  w                1                 w   
 

   Commentary: Premarket
     Market traded within the previous day value area. Still balance going
     into the trading day.
 
Step three: It is now 7 AM, May 17. We will collect our market knowledge and use it to set our trading strategy for the day.

Strategy: Devised at 07:00, May 17, prior to DJ open.

1) Overnight trading confirms the balance.


2) Market is in balance. No preference between upside and downside.

3) Price above 103500 is a breakout alerting for upside value change.

3) Price below 101300 is a breakout alerting for downside value change.

4) Once a trade is entered in a directional market, the trader immediately starts looking for change, i.e. end-of-trend congestion.

Note: We consider three TPOs at one price as a congestion warning.
 
  Intra-Day Trading on May 17:  From CMaPS Meta-Profile

  First 1.5 Hours: 7 to 8:30 AM (Z, $, A)
-----------------------------------------------------
 
            Commodity:  DJM - DJIA (CBOT)  DAY
         Trading Date:  20050517
           Start Time:  07:00
            Stop Time:  08:30
         Profile Type:  30 minute
 
 
         CISCO Meta-Profile
---------------------------------------------
                    V Tick      30 minute
    Price  TPOs     A Count     Tick Bars
---------------------------------------------
   102350  Z$       |   3     Z$   
   102330  Z$       |   1     Z$   
   102320  Z$       |   2     Z$   
   102300  Z$       |   6     Z$   
   102280  Z$A      >   5     Z$A   
   102270 *Z$A      |   4     Z$A   
   102260  Z$A      |   3     Z$A F 
   102250  Z$A      |   7     Z$A   
   102230  $A*      |   2      $A  L
   102220  $            1      $   
   102210  $            1      $   
   102200  $            4      $   
   102180  $            1      $   
   102160  $            2      $   
   102150  $            1      $   
 
  Commentary: First 1.5 hours of the trading day
   No primary reference points have been breached. The value trader
   has no position.


  First 2.0 Hours: 7 to 9:00 AM (Z, $, A, B)
-----------------------------------------------------
 
            Commodity:  DJM - DJIA (CBOT)  DAY
         Trading Date:  20050517
           Start Time:  07:00
            Stop Time:  09:00
         Profile Type:  30 minute
 
 
         CISCO Meta-Profile
----------------------------------------------
                     V Tick      30 minute
    Price  TPOs      A Count     Tick Bars
----------------------------------------------
   102480  B*            2        B  L
   102450  B             6        B   
   102440  B             2        B   
   102430  B             7        B   
   102420  B             7        B   
   102410  B             3        B   
   102400  B            13        B   
   102390  B             2        B   
   102380  B         |   4        B   
   102370  B         |   4        B   
   102360  B         |   3        B   
   102350  Z$B       |  10     Z$ B   <== VAU
   102330  Z$B       |   3     Z$ B   
   102320  Z$B       |   5     Z$ B   
   102300  Z$B       |   9     Z$ B   
   102290  Z$B       |   1     Z$ B   
   102280  Z$AB      >   8     Z$AB F 
   102270 *Z$AB      |   5     Z$AB   
   102260  Z$AB      |   4     Z$AB   
   102250  Z$AB      |   9     Z$AB   
   102230  $A        |   2      $A   
   102220  $             1      $   
   102210  $             1      $   
   102200  $             4      $   
   102180  $             1      $   
   102160  $             2      $   
   102150  $             1      $   
 
  Commentary: First 2.0 hours of the trading day
   Price moved above the upper value area at 102350, period B. Assume the 
   value trader entered long at 102360. There is no congestion in view.
 


  First 2.5 Hours: 7 to 9:00 AM (Z, $, A, B, C)
-----------------------------------------------------
 
            Commodity:  DJM - DJIA (CBOT)  DAY
         Trading Date:  20050517
           Start Time:  07:00
            Stop Time:  09:30
         Profile Type:  30 minute
 
 
         CISCO Meta-Profile
-----------------------------------------------
                      V Tick      30 minute
    Price  TPOs       A Count     Tick Bars
-----------------------------------------------
   102480  BC             3        BC   
   102450  BC             8        BC   
   102440  BC             2        BC   
   102430  BC             9        BC   
   102420  BC             9        BC   
   102410  BC             3        BC   
   102400  BC            24        BC   
   102390  BC             2        BC   
   102380  BC            13        BC   
   102370  BC             6        BC   
   102360  BC         |   6        BC   
   102350  Z$BC       |  17     Z$ BC   <== VAU   
   102340  Z$BC       |   1     Z$ BC   
   102330  Z$BC       |   3     Z$ BC   
   102320  Z$BC       |   8     Z$ BC   
   102310  Z$BC       |   1     Z$ BC   
   102300  Z$BC       |  14     Z$ BC   
   102290  Z$BC       |   3     Z$ BC   
   102280  Z$ABC      >  11     Z$ABC   
   102270 *Z$ABC      |   6     Z$ABC   
   102260  Z$ABC      |   4     Z$ABC   
   102250  Z$ABC      |  12     Z$ABC   
   102240  $AC        |   1      $A C   
   102230  $AC        |   2      $A C   
   102220  $C*        |   3      $  C  FL
   102210  $C         |   1      $  C   
   102200  $C         |   6      $  C   
   102180  $              1      $   
   102160  $              2      $   
   102150  $              1      $   
 
   Commentary: First 2.5 hours of the trading day
    B period peaked at 102480. C period traded steadily down. Assume
    the value trader exited at 102350 for no gain. C period ended near 
    it's lows.



  First 3.5 Hours: 7 to 10:30 AM (Z, $, A, B, C, D, E)
------------------------------------------------------

 
            Commodity:  DJM - DJIA (CBOT)  DAY
         Trading Date:  20050517
           Start Time:  07:00
            Stop Time:  10:30
         Profile Type:  30 minute
 
 
         CISCO Meta-Profile
-------------------------------------------------
                        V Tick      30 minute
    Price  TPOs         A Count     Tick Bars
-------------------------------------------------
   102480  BC               3        BC   
   102470  BCE              1        BC E   
   102450  BCE             10        BC E   
   102440  BCE              2        BC E   
   102430  BCE             10        BC E   
   102420  BCE             10        BC E   
   102410  BCE              4        BC E   
   102400  BCE             28        BC E   
   102390  BCE              2        BC E   
   102380  BCE          |  18        BC E   
   102370  BCE          |   7        BC E   
   102360  BCE          |   7        BC E   
   102350  Z$BCE        |  24     Z$ BC E   <== VAU   
   102340  Z$BCE        |   1     Z$ BC E   
   102330  Z$BCE        |   7     Z$ BC E   
   102320  Z$BCDE       |  11     Z$ BCDE   
   102310  Z$BCDE       |   2     Z$ BCDE   
   102300  Z$BCDE       |  21     Z$ BCDE   
   102290  Z$BCDE       |   5     Z$ BCDE   
   102280  Z$ABCDE*     >  20     Z$ABCDE FL
   102270 *Z$ABCDE      |  14     Z$ABCDE   
   102260  Z$ABCDE      |   7     Z$ABCDE   
   102250  Z$ABCDE      |  28     Z$ABCDE   
   102240  $ACDE        |   4      $A CDE   
   102230  $ACDE        |   5      $A CDE   
   102220  $CDE         |  11      $  CDE   
   102210  $CD          |   4      $  CD   
   102200  $CD          |  15      $  CD   
   102180  $D               2      $   D   
   102170  $D               1      $   D   
   102160  $D               3      $   D   
   102150  $D               2      $   D   
 
 
  Commentary: First 3.5 hours of the trading day
   Price broke above VAU in E period. Assume the value trader entered long.



  First 4.0 Hours: 7 to 10:30 AM (Z, $, A, B, C, D, E, F)
---------------------------------------------------------
 
            Commodity:  DJM - DJIA (CBOT)  DAY
         Trading Date:  20050517
           Start Time:  07:00
            Stop Time:  11:00
         Profile Type:  30 minute
 
 
         CISCO Meta-Profile
--------------------------------------------------
                         V Tick      30 minute
    Price  TPOs          A Count     Tick Bars
--------------------------------------------------
   102580  F                 1            F   
   102570  F                 1            F   
   102550  F                 5            F   
   102530  F                 4            F   
   102520  F                 1            F   
   102500  F                 6            F   
   102480  BCF               7        BC  F   
   102470  BCEF              4        BC EF   
   102460  BCEF              2        BC EF   
   102450  BCEF*            18        BC EF  L
   102440  BCEF              6        BC EF   
   102430  BCEF             14        BC EF   
   102420  BCEF          |  17        BC EF   
   102410  BCEF          |   5        BC EF   
   102400  BCEF          |  30        BC EF   
   102390  BCEF          |   2        BC EF   
   102380  BCEF          |  18        BC EF   
   102370  BCEF          |   7        BC EF   
   102360  BCEF          |   7        BC EF   
   102350  Z$BCEF        |  25     Z$ BC EF   <== VAU   
   102340  Z$BCEF        |   1     Z$ BC EF   
   102330  Z$BCEF        |   7     Z$ BC EF   
   102320  Z$BCDEF       |  12     Z$ BCDEF   
   102310  Z$BCDEF       |   2     Z$ BCDEF   
   102300  Z$BCDEF       |  22     Z$ BCDEF   
   102290  Z$BCDEF       |   5     Z$ BCDEF   
   102280  Z$ABCDEF      >  20     Z$ABCDEF   
   102270 *Z$ABCDEF      |  14     Z$ABCDEF   
   102260  Z$ABCDEF      |   7     Z$ABCDEF   
   102250  Z$ABCDEF      |  29     Z$ABCDEF F 
   102240  $ACDE         |   4      $A CDE   
   102230  $ACDE         |   5      $A CDE   
   102220  $CDE          |  11      $  CDE   
   102210  $CD               4      $  CD   
   102200  $CD              15      $  CD   
   102180  $D                2      $   D   
   102170  $D                1      $   D   
   102160  $D                3      $   D   
   102150  $D                2      $   D   
 
 
  Commentary: First 4.0 hours of the trading day
   At the end of F period (10:30 to 11:00), price dropped below VAU. Assume
   the value trader exited with no gain.



  First 4.5 Hours: 7 to 10:30 AM (Z, $, A, B, C, D, E, F, G)
------------------------------------------------------------
 
            Commodity:  DJM - DJIA (CBOT)  DAY
         Trading Date:  20050517
           Start Time:  07:00
            Stop Time:  11:30
         Profile Type:  30 minute
 
 
         CISCO Meta-Profile
--------------------------------------------------
                         V Tick      30 minute
    Price  TPOs          A Count     Tick Bars
--------------------------------------------------
   102580  F                 1            F   
   102570  F                 1            F   
   102550  F                 5            F   
   102530  F                 4            F   
   102520  F                 1            F   
   102500  F                 6            F   
   102480  BCFG              9        BC  FG   
   102470  BCEFG             4        BC EFG   
   102460  BCEFG             3        BC EFG F 
   102450  BCEFG            20        BC EFG   
   102440  BCEFG         |   6        BC EFG   
   102430  BCEFG         |  16        BC EFG   
   102420  BCEFG         |  18        BC EFG   
   102410  BCEFG         |   6        BC EFG   
   102400  BCEFG*        |  36        BC EFG  L
   102390  BCEFG         |   5        BC EFG   
   102380  BCEFG         |  23        BC EFG   
   102370  BCEFG         |   9        BC EFG   
   102360  BCEFG         |   8        BC EFG   
   102350  Z$BCEFG       |  26     Z$ BC EFG      <== VAU
   102340  Z$BCEF        |   1     Z$ BC EF   
   102330  Z$BCEF        |   7     Z$ BC EF   
   102320  Z$BCDEF       |  12     Z$ BCDEF   
   102310  Z$BCDEF       |   2     Z$ BCDEF   
   102300  Z$BCDEF       |  22     Z$ BCDEF   
   102290  Z$BCDEF       |   5     Z$ BCDEF   
   102280  Z$ABCDEF      >  20     Z$ABCDEF   
   102270 *Z$ABCDEF      |  14     Z$ABCDEF   
   102260  Z$ABCDEF      |   7     Z$ABCDEF   
   102250  Z$ABCDEF      |  29     Z$ABCDEF   
   102240  $ACDE         |   4      $A CDE   
   102230  $ACDE             5      $A CDE   
   102220  $CDE             11      $  CDE   
   102210  $CD               4      $  CD   
   102200  $CD              15      $  CD   
   102180  $D                2      $   D   
   102170  $D                1      $   D   
   102160  $D                3      $   D   
   102150  $D                2      $   D   
 
 
  Commentary: First 4.5 hours of the trading day
   Price again passed upward through VAU in G period. Assume the value
   trader went long, again.


  First 5.5 Hours: 7 to 10:30 AM (Z, $, A, B, C, D, E, F, G, H, I)
------------------------------------------------------------------
 
            Commodity:  DJM - DJIA (CBOT)  DAY
         Trading Date:  20050517
           Start Time:  07:00
            Stop Time:  12:30
         Profile Type:  30 minute
 
 
         CISCO Meta-Profile
----------------------------------------------------
                           V Tick      30 minute
    Price  TPOs            A Count     Tick Bars
----------------------------------------------------
   102580  F                   1            F   
   102570  F                   1            F   
   102550  F                   5            F   
   102530  F                   4            F   
   102520  F                   1            F   
   102500  F                   6            F   
   102480  BCFG                9        BC  FG   
   102470  BCEFG               4        BC EFG   
   102460  BCEFG               3        BC EFG   
   102450  BCEFG              20        BC EFG   
   102440  BCEFGI              7        BC EFG I   
   102430  BCEFGI             17        BC EFG I   
   102420  BCEFGI          |  19        BC EFG I   
   102410  BCEFGI          |   6        BC EFG I   
   102400  BCEFGHI         |  39        BC EFGHI   
   102390  BCEFGHI*        |   7        BC EFGHI  L
   102380  BCEFGHI         |  25        BC EFGHI   
   102370  BCEFGHI         |  12        BC EFGHI   
   102360  BCEFGHI         |  11        BC EFGHI   
   102350  Z$BCEFGHI       |  33     Z$ BC EFGHI      <== VAU
   102340  Z$BCEFHI        |   2     Z$ BC EF HI   
   102330  Z$BCEFHI        |  11     Z$ BC EF HI   
   102320  Z$BCDEFHI       |  13     Z$ BCDEF HI   
   102310  Z$BCDEFHI       |   3     Z$ BCDEF HI   
   102300  Z$BCDEFHI       |  28     Z$ BCDEF HI   
   102290  Z$BCDEFHI       |   5     Z$ BCDEF HI   
   102280  Z$ABCDEFHI      >  24     Z$ABCDEF HI   
   102270 *Z$ABCDEFHI      |  19     Z$ABCDEF HI   
   102260  Z$ABCDEFHI      |  10     Z$ABCDEF HI   
   102250  Z$ABCDEFHI      |  37     Z$ABCDEF HI   
   102240  $ACDEHI         |   8      $A CDE  HI   
   102230  $ACDEHI         |   7      $A CDE  HI   
   102220  $CDEHI          |  13      $  CDE  HI F 
   102210  $CDHI               4      $  CD   HI   
   102200  $CDHI              18      $  CD   HI   
   102180  $DI                 2      $   D    I   
   102170  $DI                 2      $   D    I   
   102160  $D                  3      $   D   
   102150  $D                  2      $   D   
 
 
  Commentary: First 5.5 hours of the trading day
   H period (11:30 - 12:00) price dropped through VAU. Assume the value
   trader exited with no gain.



  First 6.5 Hours: 7 to 10:30 AM (Z, $, A, B, C, D, E, F, G, H, I, J, K)
------------------------------------------------------------------------
 
            Commodity:  DJM - DJIA (CBOT)  DAY
         Trading Date:  20050517
           Start Time:  07:00
            Stop Time:  13:30
         Profile Type:  30 minute
 
 
         CISCO Meta-Profile
------------------------------------------------------
                             V Tick      30 minute
    Price  TPOs              A Count     Tick Bars
------------------------------------------------------
   102580  F                     1            F   
   102570  F                     1            F   
   102550  F                     5            F   
   102530  F                     4            F   
   102520  FK                    2            F    K   
   102500  FK                    8            F    K   
   102490  FK                    1            F    K   
   102480  BCFGK                10        BC  FG   K   
   102470  BCEFGK                6        BC EFG   K   
   102460  BCEFGK                5        BC EFG   K   
   102450  BCEFGK               24        BC EFG   K   
   102440  BCEFGIJK          |   9        BC EFG IJK   
   102430  BCEFGIJK          |  18        BC EFG IJK   
   102420  BCEFGIJK*         |  22        BC EFG IJK  L
   102410  BCEFGIJK          |   6        BC EFG IJK   
   102400  BCEFGHIJK         |  47        BC EFGHIJK   
   102390  BCEFGHIJK         |   8        BC EFGHIJK   
   102380  BCEFGHIJK         |  27        BC EFGHIJK   
   102370  BCEFGHIJK         |  14        BC EFGHIJK   
   102360  BCEFGHIJK         |  13        BC EFGHIJK   
   102350  Z$BCEFGHIJK       |  37     Z$ BC EFGHIJK      <== VAU
   102340  Z$BCEFHIJK        |   3     Z$ BC EF HIJK   
   102330  Z$BCEFHIJK        |  16     Z$ BC EF HIJK   
   102320  Z$BCDEFHIJK       |  14     Z$ BCDEF HIJK   
   102310  Z$BCDEFHIJK       |   7     Z$ BCDEF HIJK   
   102300  Z$BCDEFHIJK       |  36     Z$ BCDEF HIJK F 
   102290  Z$BCDEFHIJK       |   6     Z$ BCDEF HIJK   
   102280  Z$ABCDEFHIJK      >  25     Z$ABCDEF HIJK   
   102270 *Z$ABCDEFHIJK      |  22     Z$ABCDEF HIJK   
   102260  Z$ABCDEFHIJK      |  12     Z$ABCDEF HIJK   
   102250  Z$ABCDEFHIJK      |  40     Z$ABCDEF HIJK   
   102240  $ACDEHIJ          |  10      $A CDE  HIJ   
   102230  $ACDEHIJ              7      $A CDE  HIJ   
   102220  $CDEHIJ              13      $  CDE  HIJ   
   102210  $CDHIJ                4      $  CD   HIJ   
   102200  $CDHIJ               20      $  CD   HIJ   
   102180  $DI                   2      $   D    I   
   102170  $DI                   2      $   D    I   
   102160  $D                    3      $   D   
   102150  $D                    2      $   D   
 
 
  Commentary: First 6.5 hours of the trading day
   I period (12:00 - 12:30) saw an upside breakout, followed by a drop below
   VAU in J period. Again assume a no-gain trade. Later K period price rose 
   through VAU, assume the value trader ended K period long at 102360.



  All 8.5 Hours: 7 to 15:30 AM (Z, $, A, B, C, D, E, F, G, H, I, J, K, L, M, N, O)
---------------------------------------------------------------------------------
 
            Commodity:  DJM - DJIA (CBOT)  DAY
         Trading Date:  20050517
           Start Time:  07:00
            Stop Time:  15:30
         Profile Type:  30 minute
 
 
         CISCO Meta-Profile
------------------------------------------------------
                             V Tick      30 minute
    Price  TPOs              A Count     Tick Bars
------------------------------------------------------
   103440  N                     2                    N   
   103430  N                     1                    N   
   103400  NO                    7                    NO   
   103390  NO                    3                    NO   
   103380  NO                    8                    NO   
   103370  NO*                   6                    NO  L
   103360  NO                    6                    NO   
   103350  NO                   17                    NO      <== 5 ULIM
   103340  NO                    4                    NO   
   103330  NO                    6                    NO   
   103320  NO                    4                    NO   
   103310  NO                    3                    NO   
   103300  NO                   13                    NO F 
   103290  NO                    1                    NO   
   103280  NO                    5                    NO   
   103270  N                     1                    N   
   103250  N                     6                    N   
   103240  N                     3                    N   
   103230  N                     4                    N   
   103220  N                     3                    N   
   103210  N                     3                    N   
   103200  N                     9                    N   
   103190  N                     3                    N   
   103180  N                     6                    N   
   103170  N                     2                    N   
   103160  N                     1                    N   
   103150  LN                    3                  L N   
   103140  LN                    1                  L N   
   103130  LN                    3                  L N   
   103120  LMN                   3                  LMN   <== Congestion alert
   103100  LMN                  13                  LMN   
   103090  LM                    6                  LM   
   103080  LM                    9                  LM   
   103070  LM                    8                  LM   
   103060  LM                    3                  LM   
   103050  LM                   21                  LM   
   103040  LM                    4                  LM   
   103030  LM                    3                  LM   
   103020  LM                   11                  LM   
   103010  LM                    3                  LM   
   103000  LM                   22                  LM   
   102990  LM                    4                  LM   
   102980  LM                    7                  LM   
   102970  LM                    5                  LM   
   102960  LM                    3                  LM   
   102950  LM                   11                  LM   
   102920  L                     1                  L   
   102900  L                     4                  L   
   102880  L                     2                  L   
   102870  L                     3                  L   
   102860  L                     3                  L   
   102850  L                     6                  L   
   102800  L                     2                  L   
   102790  L                     1                  L   
   102780  L                     1                  L   
   102770  L                     1                  L   
   102750  L                     1                  L   
   102700  L                     4                  L   
   102690  L                     1                  L   
   102680  L                     3                  L   
   102670  L                     3                  L   
   102650  L                     4                  L   
   102640  L                     1                  L   
   102630  L                     1                  L   
   102600  L                     3                  L   
   102590  L                     1                  L   
   102580  FL                    2            F     L   
   102570  FL                    2            F     L   
   102550  FL                    6            F     L   
   102540  FL                    1            F     L   
   102530  F                     4            F   
   102520  FK                    2            F    K   
   102500  FK                    8            F    K   
   102490  FK                    1            F    K   
   102480  BCFGK             |  10        BC  FG   K   
   102470  BCEFGK            |   6        BC EFG   K   
   102460  BCEFGK            |   5        BC EFG   K   
   102450  BCEFGK            |  24        BC EFG   K   
   102440  BCEFGIJK          |   9        BC EFG IJK   
   102430  BCEFGIJK          |  18        BC EFG IJK   
   102420  BCEFGIJK          |  22        BC EFG IJK   
   102410  BCEFGIJK          |   6        BC EFG IJK   
   102400  BCEFGHIJK         |  47        BC EFGHIJK   
   102390  BCEFGHIJK         |   8        BC EFGHIJK   
   102380  BCEFGHIJK         |  27        BC EFGHIJK   
   102370  BCEFGHIJK         |  14        BC EFGHIJK   
   102360  BCEFGHIJK         |  13        BC EFGHIJK   
   102350  Z$BCEFGHIJK       |  37     Z$ BC EFGHIJK      <== VAU
   102340  Z$BCEFHIJK        |   3     Z$ BC EF HIJK   
   102330  Z$BCEFHIJK        |  16     Z$ BC EF HIJK   
   102320  Z$BCDEFHIJK       |  14     Z$ BCDEF HIJK   
   102310  Z$BCDEFHIJK       |   7     Z$ BCDEF HIJK   
   102300  Z$BCDEFHIJK       |  36     Z$ BCDEF HIJK   
   102290  Z$BCDEFHIJK       |   6     Z$ BCDEF HIJK   
   102280  Z$ABCDEFHIJK      >  25     Z$ABCDEF HIJK   
   102270 *Z$ABCDEFHIJK      |  22     Z$ABCDEF HIJK   
   102260  Z$ABCDEFHIJK      |  12     Z$ABCDEF HIJK   
   102250  Z$ABCDEFHIJK      |  40     Z$ABCDEF HIJK   
   102240  $ACDEHIJ          |  10      $A CDE  HIJ   
   102230  $ACDEHIJ          |   7      $A CDE  HIJ   
   102220  $CDEHIJ           |  13      $  CDE  HIJ   
   102210  $CDHIJ            |   4      $  CD   HIJ   
   102200  $CDHIJ            |  20      $  CD   HIJ   
   102180  $DI               |   2      $   D    I   
   102170  $DI               |   2      $   D    I   
   102160  $D                |   3      $   D   
   102150  $D                |   2      $   D   
 
 
  Commentary: All 8.5 hours of the trading day
   The value trader stayed long until the close at 103370.

 Recap of Value Trading Activity








Appendix
End-of-day Profiles give you previous day value area (short term support and resistance).
Intra-day Profiles display the run, pause, run, pause market behavior.

To reach the Meta-Profile page from main CISCO page:
Under the waving flag
  Pointer on Data
    Pointer to Intra-Day Data
      Pointer to Intra-Day Main
      Click
        On Intra-Day page: Pointer to Intra-Day Profile
          Click on  Download Data
            Fill in Ticker Symbol Box  (e.g. DJ)
            Fill in Delivery Month     (e.g. U for Sept.)
            Set Start and Stop times   (must be of form 08:00)
            Profile Type Button on 30, you can change to 15
            You can uncheck OHLC Bars and/or Include Reference Points
              if you wish.
            Put in Username (e.g. 499mmm)
            Put in Password (e.g. pardon)
            Click Submit button


Overlays give you longer term value (multi-day support and resistance).

To reach the Overlay (Visual Graphics) page from main CISCO page:
Under the waving flag
  Pointer on Data
    Pointer to End-of-Day Data
      Click
        At blue box reading End-of-Day Visual Graphics ONLY
          Pointer to Download Data
            Click
              Select future (s) and delivery and check
                Scroll to bottom
                  Put in Username (e.g. 499mmm)
                  Put in Password (e.g. pardon)
                  Click Get Data button