Tuesday, December 15, 2009

SixthSense / Emini Futures Trading - Tuesday December 15th, 2009


SixthSense is a wearable gestural interface that augments the physical world around us with digital information and lets us use natural hand gestures to interact with that information. 


We've evolved over millions of years to sense the world around us. When we encounter something, someone or some place, we use our five natural senses to perceive information about it; that information helps us make decisions and chose the right actions to take. But arguably the most useful information that can help us make the right decision is not naturally perceivable with our five senses, namely the data, information and knowledge that mankind has accumulated about everything and which is increasingly all available online. Although the miniaturization of computing devices allows us to carry computers in our pockets, keeping us continually connected to the digital world, there is no link between our digital devices and our interactions with the physical world. Information is confined traditionally on paper or digitally on a screen. SixthSense bridges this gap, bringing intangible, digital information out into the tangible world, and allowing us to interact with this information via natural hand gestures. ‘SixthSense’ frees information from its confines by seamlessly integrating it with reality, and thus making the entire world your computer.

Imagine pulling up a chart, anywhere, anytime. Not a smart phone chart - A Real Chart!
You're standing in line at the grocer and trading off the back of the chap in front of you.

Speaking of charts lets take a look at today's Emini action -

As we noted on last night's post, our bias was short coming into the day. On the Globex session price came within .25 of our 1101/1102 zone. Price rallied all morning and briefly traded above our next higher zone of 1107/1108. The probe higher failed and we were offered our first short entry at 1107.50 as price pulled back to the 21ema. The first red arrow is above the Twin Tower pattern. Price traded below our ema all the way back to the 1101/1102 zone. The market then bounced 3 points to close the session at 1104. Our Bias indicator remained bearish into the close but we will watch closely for signs of a reversal on the overnight session.

As a reminder, tomorrow is Fed day so be careful out there.

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