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The 20 Point S&P Channel

Tyler Durden's picture


Buy at 1,127, sell at 1,147, turn on reversion algos, throw in some momentum kickers, rinse, repeat, watch the money come in. For the truly creative ones, go long the crappiest companies in the world, and wait for a short-interest covering spree following the most recent Goldman upgrade. In other news, the SEC is concerned about efficient markets.


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Tue, 01/19/2010 - 13:35 | Link to Comment dvsteenk
dvsteenk's picture

So does this market keep going up because of intermittent short squeezing, caused by the overnight uplifting of indices or individual stocks by manipulating futures or ETF's? Anyone mining intraday data to uncover who's behind it?

Wed, 01/20/2010 - 00:29 | Link to Comment Anonymous
Tue, 01/19/2010 - 13:36 | Link to Comment Dehrow
Dehrow's picture

This is like free-sex for everyone.

Tue, 01/19/2010 - 13:45 | Link to Comment lizzy36
lizzy36's picture

SEC is not concerned about efficient markets.  Rather the SEC wants to APPEAR concerned about efficient markets. 

After all they do have a $1B taxpayer funded budget. 

Tue, 01/19/2010 - 13:44 | Link to Comment SV
SV's picture

Tyler - You wouldn't happen to mean the slum-traders that are working over the bankrupt GM stock that made the FT today?  And they attribute it to the assumption that people are naive that it's "worthless".  Far from it - they know EXACTLY what they are doing with the casino.

Tue, 01/19/2010 - 14:22 | Link to Comment Chopshop
Chopshop's picture

well said, TD.

how come no one ever asks about the folks who actively feed "sticker-symbol stories" to Bloomberg / AP bots who "report" them.

Tue, 01/19/2010 - 14:40 | Link to Comment lizzy36
lizzy36's picture

To amuse:

"The strong 2010 rally ahead of earnings season has
investors wondering if 4Q EPS expectations have gotten too lofty and if
companies will be able to beat by enough to keep the rally going," BofA's
David Bianco writes. "Our view is that 4Q EPS will be impressive, especially
at non-financials; and because this quarter is likely to be among a long
string of rising quarterly S&P 500 EPS yet ahead, we encourage buying through the season as we expect the S&P 500 to approach 1200 as reporting concludes."

Tue, 01/19/2010 - 14:51 | Link to Comment ShankyS
ShankyS's picture

Possibly setting up another measured move up.

Tue, 01/19/2010 - 14:56 | Link to Comment Anonymous
Tue, 01/19/2010 - 14:59 | Link to Comment huggy_in_london
huggy_in_london's picture

So if you tell enough people "this market's heading to 1200" i guess these muppets all sit there and go "1200 ... but its only 1147 now ... i better buy"... and it goes there.

And the cycle of stupidity is repeated.....



Tue, 01/19/2010 - 15:08 | Link to Comment Anonymous
Tue, 01/19/2010 - 16:19 | Link to Comment quant-this
quant-this's picture

I disagree, remember that the more sophisticated algos have memory and so the market has an upward bias (if market is AR(1), AR(2) AR(3) then the bias looks positive, if it is ARMA based, it looks positive as well). Unless the order books turn decisively negative in skew you will most likely see buying of dips across strategies.

Tue, 01/19/2010 - 16:52 | Link to Comment ATG
ATG's picture

The pattern works until it doesn't,

usually about the time most people

have discovered it.

For those that say the market has not

become crazy enough for a frothy top,

take a good look at record option stats,

the ultimate casino for fools...

Tue, 01/19/2010 - 17:20 | Link to Comment Lndmvr
Lndmvr's picture

" The less ya bet, the more you lose, When you win!"

Tue, 01/19/2010 - 21:56 | Link to Comment Anonymous
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