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Accumulation Volume Picking Up To Downside
As seems to be the case all too often, volume picks up only when the market starts dropping. Updays see a general decline in relative volume, compensated only by downdays: basically fewer and fewer trade to the upside and only the liquidity providers give the illusion that there is notable volume which is "pushing" the market higher. Down days expose this for the scam it is.
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and with that, we return you to your regularly scheduled 3:00 ramp.
Don't forget to drink your Ovaltine, kids.-
Volatility in market movements provide a benefit (spreads & rebates) for the traders (GS) as limits are triggered and portfolio managers & retail investors must re-establish positions. Moving markets on low volume is a "good" investment for them. I wonder if they write a lot of put options on their position inventory, also a guaranteed money maker if they control SLP PPT money? These traitors want and promote volatility not stability which is the main argument for liquidity providers.
Markets have been like this for 100 years.
Nothing new about it. Certainly shouldn't make the shorts feel better about losing their shirts.
my aren't we just king smart ass..
Make a few bucks and it's all ok eh?
Douche
Nothing wrong with a douche for 3 gonads
May come in handy ...
Back in the 80's, I told people that the real purpose behind program trading was to INJECT volatility into the markets to generate commission $$$, not to weeze out tenths of cents due to some "clever" algo.
My 2048 processor cube mainframe factored the CAPTCHA answer in .000000001 nanoseconds.
What tyler is saying in this post is:
up days = decline in volume and thus down days = higher in volume....for the past 7 days.....ohhh, and wait for it...... 6 of the last seven were up......
Thats a truly representative sample, td. Job well done. I think the last 7 days qualifies as a well researched and insightful of post.
Do you have any prof of this beyond this single 7day time period?
I'm not saying that there is manipulation...the jury is still out on that one.. but this post hardly qualifies as evidence.
Just start your chart at March 1, 2009, anon 11299.
That will give you a larger sample.
Dennis kneale, Jeff Zucker on the line, chop, chop!
I am the Jury. There is manipulation. Let the record reflect the Jury's verdict. So ordered.
Best volume on SPX in recent memeory was July 8, 2009. Of course we hit 869 that day.
@ Anon #11299
Yeah, Tyler's posted similar repeatedly, and if you're really interested, you can pull your own charts ... it's called primary research.
I interpret it as meaning there are a lot less buyers and a lot more nervous "bag holders" ready to sell at the first hint of a pullback. Every day I think the market can't go higher but it's now been 7 days running...somethings got to give.
Yea, yea, yea -- and SPY technically looks ready to stick it to the Bears again.
Well yesterday bought SDS SRS FXP and just bought more. This charade can only go on for so long. My bet the next 2 days will be down days. They now have everyone at the table now it is time for 7 OUT LINE AWAY. P.S. THE odds of a down day tommorow on a historic average after 7 up are 99.6! Although we are in different times now i still like those odds.
It's been going on over 4 months now. Apple "Wow's" tonight. You're brave. Good luck.
You got that right. APPL and INTC rule. To the moon!!
Consumer tech is merely enjoying the remnant of spending habit created by 20 years of cheap credit. Old habits die hard. AAPL is enjoying the fruits of how it calculates revenue on iphones sold by ATT. Some people who still have a job have decided to upgrade to iphones and netbooks from INTC. The true measure of recovery will come from those techs that cater to enterprises and those are dire.
Bottom line is this, they are deperatly trying to get new money into the market, the fools on Fast Money seem to think the 8% savings rate is bullish, as that money will make it's way into the market, but they didn't count on ZH and Tyler informing the people of the BS.
I'm sure most people who have lost their jobs, or fear they are going to lose their job and or homes, are not going to dump what little they have been left with, into an obviously manipulated market. Now that the cat's outta the bag, the big boys (and the foolishg) are the only ones holding longs, and they are going to have to dump it at some point.
Patientce.
+ baby boomer retirement, to boot... which bernanke was all over today...
but, then again, never underestimate the greed (and stupidity) of our fellow americans :(
Well, there you/we go again...the 1 pm no news rally!! Who does this, when we all know there is no Sanaty Clause!
It's the new paradigm, they decided that the 10:30 - 3:30 thing was getting to old and decided to combine it into one megablast.
“If you're ridin' ahead of the herd, take a look back every now and then to make sure it's still there."
Will Rogers
In a period of obvious ramps, today stands out as beyond the pale. It has become quite obvious when the ramping is about to begin. It seems to start in the QQQQ's, with a sudden rash of large buy orders hitting the market and lifting things about two or three tic's. That is when one should get long, because another thirty tics are coming in short order.
Well when the government stops buying for the Social Security fund, we might have a pullback. Till then, stay away from puts....they hate the puts.
Hmmm, Nasdaq regained 15 handles in the last hour or so. SPX heading to 1,000 on its way to 1,000,000 by October.
From "My Little Chickadee" (poker scene):
Unwitting poker player to Cuthbert J. Twillie (WC Fields): “Is this a game of chance?”
Twillie as he deals the cards: “Not the way I play it, no.”
On the whole, we are all on the way to Philadelphia, Detroit, or Sacramento.
8% savings? The savings rate spike was a one time transfer payment spike. Plus, hgiher disposable income diverted to pay down debt is not savings. It is debt repayment. Another case of that damn primary research
+ those minimum contributions to 401Ks that go down the drain are part of the savings rate.
Excactly - they calculate figures just the way they want to. Have for years. Just pick one and any moron can easily refute the numbers, but they still push the "standard". What a bunch of shit.
CAPTCHA getting better! Like a brain game to keep my mind sharp!
Why would the government want to destroy capital via a spike. Their desire is exactly the opposite - pump the markets to create virtuous wealth and lower leverage ratios. Check out Sester post on trade gap falling but appetite for US securiites falling faster. The foreigners are dropping out. 401kers threw in the towel and no amount of pump will draw that money back in. hedges will eventually look to this rally and lock in for the year if briancells remain. Then what? Sept/Oct setting up for an epic risk aversion trade into the tsunami of treasuries...
Don't you miss the days when the market daily fluctuations resembled a random walk?
Nice high open, a little dip to set up a classic 2009 Ramp at 3:30.
A sight to behold.
random walk rather than aggregated bubble that is.
JPMorgan's Dimon makes $2.3 million from options
http://www.reuters.com/article/ousiv/idUSTRE56K5KC20090721
The looting just never stops with these guys.
wtf I thought insiders were barred from buying/selling in a window before and after earnings?
Ahh..the dreaded "hanging man" on the SPY. Funny, as I'm the one that feels the noose around my neck.
http://stockcharts.com/h-sc/ui?s=SPY&p=D&b=5&g=0&id=p83533073790
Thanks. Need confirmating candle tomorrow.
confirming, not confirmating.
I am NOT George Bush!
It'll be the shorts hanging when we are done with them.
-Ben
This is horrible-not in that the market goes up, but the SLP program is resetting the 22 week arc to a new bottom of July 8. That means at least another 2 weeks of this crap. The problem is the new arch coicides with the Fall(which is everyone,including the cabdriver's prediction for crash 2.0). After August, it looks like a 3 month slide now from a HIGHER point than it should have been if this correction was normalized. IE: if this peak did not extend past or get near the highs of June.
If you look at the S&P, it's pretty doggy-it only reacts to absurd run ups on the DOW. The indices are really overbought now-not since 98 have they looked so stupid.
So, if the FED and SEC allow this to correct-how bad is it going to be now that the markets have moved to the high dive platform thanks to SLP's and index gunning.
Caterpiller reporting a beat of 60% decrease in net? That's news?
This market is still inflated by 800 or so points. Once day it will be brought down to size. These asset bubbles always burst, and when people least expect it. Emerging market are more expensive now than at the 2007 peak, amazingly.
But . . . if the entire market itself is a scam, 'down' days, as well as 'up' days, would be an integral part of the scam, thus, exposing no trace of a presumably virtuous market element. Then again, I can only presume that the strategies employed by any given HFT will be able to accommodate pricing direction momentum, whether it be up, or down.
The market's Slow Stech 5:3:3 has this as being so overbought it hasn't been like this since 1998 or something.
I suggest the SEC get on this or the bubble explodes. The curves are set correspond to last year. With a roll off in late August and then it's Mr. Risk Aversion.
Look for risk block outs like shutting down Treasury backed moneymarkets,gold piledrive and more shorting restrictions.
What is this bubble that everyone's talking about? The market is up less than 6% since the beginning of the year, and it's up 2-3% since May. That's not what a bubble looks like. The March low reflected people's fears that nearly every major bank was going to be nationalized -- which in and of itself would have made a serious dent in the S&P -- that China was headed into recession, and that we were headed for a repeat of the Great Depression, with 25% U1 unemployment. None of those things have happened, and none of them are going to happen. So it's hardly shocking that the market is higher since then. And a 6% gain in 8 months offers zero evidence of irrational exuberance.
Way to parrot the party line Anonymous 11413.
Going out on a limb here, but perhaps it may have something to do with P/E ratios, cratered earnings and earnings forecast, real unemployment around 16-20%, wages declining, housing and CRE continuing southward, obvious market manipulation, record national debt, record projected more national debt ( accelerating ), wasted stim,er, porkulus going to Dem concubines, record private debt, American consumerism basically dead and buried, it's a complete global problem, no pockets of strength anywhere( that includes China ), the threat of health care being taken over by the government, the threat of the cap and trade tax/business disruption, and Michael, yes our dear little pedophile Michael is dead, dead I tell you.
Party pooper!
i see you pulled your head out of the sand long enough to repost Dennis Kneale's recent commentary. congratulations! must've been tough holding your breath that long.
Mr. Durden,
Have we reached the dome yet on the 21 (or was it 22) point technical pattern you shared/posted about last week? I am genuinely curious where that pattern is now as the sooner we get to it and drop, the sooner we can begin to attempt to rebuild the country. thank you in advance.
Tyler how do I post a picture on here?, I want to post a screen shot of a graph....
this market is a joke. period.
why complain, buy spy/dia calls at 1:20 eevry day and sell them at the open the next day.
been doing it for a few months now and pocketing 150 bucks a day on average,
add in my "earnings pumpers" calls (I buy calls on stocks three days before earniigs and sell them one day before) and I'm making a nice living!!!
Is there any way to get a view on where FAZ and SKF current positions. I want to know the # of holders and the avg positions in $10 increments. Don't know if that is possible or not? Bueler?
Is there any way to get a view on where FAZ and SKF current positions. I want to know the # of holders and the avg positions in $10 increments. Don't know if that is possible or not? Bueler?
Is there any way to get a view on where FAZ and SKF current positions. I want to know the # of holders and the avg positions in $10 increments. Don't know if that is possible or not? Bueler?
Is there any way to get a view on FAZ and SKF current positions? Be interesting to see the position spread in $10 increments. Don't know if that is possible or not? Bueler?
Any Gann fans?
Tomorrow is a pivot day ... we should go down / consolidate / pullback ...
hello chumbawumba,
the quickening is just about here. pretty sure you sense it too. hope you don't live in cali. you will possibly be living next to inmate #11367854. 27,000 inmates to, allegedly, be released. good luck to you, you overprepared mofo.