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Bollinger Band Algorithms
Someone really hitting the brakes with the Bollinger Band ceiling today. (Yeah, we agree it's stupid voodoo. Don't shoot the messenger). That's what happens when algos run amock on no volume and nobody will pile in except on down moves. In a word - about as pathetic trading as it gets.
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Good info TD. Thanks.
Well looks like its setup to take the 38.2% out tomorrow on the S&P. Then its straight to 1121 without passing go. Pretty impressive to be up today given the economic data was awful.
Curious mdtrader, where are you drawing your highs and lows to get the 38.2%?
Are you using an Arc or just retracements from the highs?
Just straight fibonacci working off of the bear market 1576-666.
in many ways too. especially when you fall behind on your credit card bills. you will love chase then, oh so much...:)
Computers don't read. So tomorrow they will use the news, even better if it is bad so they can use new shorts as rocket fuel, and sling shot the S&P to the moon.
Good news will do though, bulls are over confident enough
Almost 80% on NYSE bullish percent index. Party like it's 1999.
http://www.learningmarkets.com/index.php/Live/Charts/nyse-bullish-percen...
Perhaps we can gun for 100% on a break out lol!
Anybody would think we are making a stock market top looking at the chart.
Anybody would, except for the computers. Maybe they're just stuck in an infinity do loop that will just take us to the sky. Can't expect perfect programming from those new 19 year old hires...
curious, from where do you pull all those point and figure stats?
What's so impressive about 30 points on no volume? Also, why are you confusing the issue with your post. TD posted a 1 minute chart. Your comment, entertaining as it was, has nothing to do with the thread.
If economic data actually presaged market movements (and that's not to say that it doesn't eventually bite you in the arse), the market would not have done what it just has. c. 3000pts is quite a bit of cash.
So is it volume or liquidity that we are lacking here?
Remember, the force will be with the S&P 500 always.
I'll tell you another voodoo thing from today's trading...compare today's intraday S&P with Shanghai's intraday...spoooooooooooky
Again these are done by plans. The idea is simple. Keep on discoraging people from shorting, untill they all leave or runout of money. Simply put, the FED can't keep the tab open indefinitly, and they don't want any shorts left(beside the ones that plays by their rules)before the fed starts easing.
Well, you have to earn your way somehow. Just think. The Fed has injected the better part of $300 billion into the economy since last year and the totality injections will take about a year to complete, ending in October. Goldman Sachs will earn about $30 billion in trading profits in that time. About half will go to commissions.
This means that 10% of the total Fed market injection using printed money will go to Goldman Sachs, if trends continue, and half of that will go to Goldman Sachs payroll.
Looks like the squid missed a lot.
agree
His message was being spread and gaining even more support...therefore he needed to be censored.
Until we have guys like Black back as regulators nothing will change. We just
good articles; my newest bookmarked finance site ..http://www..
Fuckin' Ned spam. Do not click on the link.
Gotta quote Boobs Cabrera here,
"Are we seeing a semi-permanent shift here?"
oooohhhhhh lord, it is a good thing that woman is attractive...LOL!!!
Like UK's Gordon Brown's speech... an end to boom and bust just before the biggest bust in history!
semi-permanent shift
lol of the day
Is that a hair dye?
no, its genetics
70% of the time, it works everytime... about as clear as the math questions i just got wrong 3 times trying to post this repsonse...LOL
. does the blood of freedom and liberty run in the veins of many? yes it does. but the problem is that the rest of the americans
His message was being spread and gaining even more support...therefore he needed to be censored.
Until we have guys like Black back as regulators nothing will change. We just
good articles; my newest bookmarked finance site ..http://www..
hat tip: finance news & finance opinions
MORE fuckin' NED SPAM.
ZING!
How can I be down??
LOVE YOU MAN!
Oh no she dih-int!
actually, yes she did, which is why I posted it. What makes you think I would post a fabricated quote of a resprected *pppppt* financial journalist?
Wow.... you actually find her attractive? She's got a wonderful chest (help of a bra no doubt), but honestly.... I'd think she'd be horrible in the bedroom, the complete cold fish, laying like a piece of dead meat expecting you to do what you need to and then get off. Which is even worse because she's cuban, and honestly, most cuban woman just ooze sexuality... she oozes lust for cash.
http://project000.typepad.com/photos/uncategorized/2008/07/07/michelle_carusocabrera_bikini.jpg
It looks a lot like her, but seriously can't tell. Nose is same, but the hair doesn't seem to fit right and the glasses can cause some doubt. *shrug* If it is, she's got a rocking body but we always knew that.
There are a lot of gross generalizations in your statement phased, but in your defense, I will nail anything that moves so.... there you go...And I will sure as hell would nail whoever that is in cheeky's pic.. DAMN, aint no fun if Han Solo can't get none!!! But does she really drink Coors... sigh, why am I suprised?
#35804,but isn't this part of the don't aski don't tell policy?we give you back your money,and you don't ask us what we make(never mind that this money is borrowed anyway)
Bollinger bands. lol.
The only thing funny about the Bollinger bands is if you havent realized they're actually affective intraday.
Just put VWAP, Bollinger bands, Pivot points, and the MACD histogram on a SPY chart, learn to read them properly, and you're set.
An idiot question.
The SP500 index closed at 1012.73 as per Yahoo Finance.
But SPY is trading at 101.76. Isn't there too much arbitrage there - like 50 cents per share ? What am I missing ?
What's the fee for spy fund?
Yahoo profile page for SPY says the expense ratio is 0.09%. Makes sense given that this is just an index fund. But the expense ratio should make SPY less than 1/100th of SP500 not more.
Given the volume of SPY and the power of today's computers, I find the arbitrage quite interesting. So I must be missing something here.
I may be mistaken, but I think it tends to do with the dividend. At the ex-div date the SPY and S&P are near lock-step. Any real pro out there? Thanks.
The hubbub today, besides the recession is so over ad nausium is what everyone has been waiting for. The sideline cash is flooding into the market! Especially those fund managers that missed the whole rally sitting on the sidelines! Buy. Buy. Buy. The S&P is going to 1500! This flood amounts to what, some of the lowest volume of the year? Given this nonsensical waste of O2 there really isn't any sideline cash after all.
What kills me is that these folks get paid millions. Millions of Benbucks that is. What a racket.
Market keeps going higher, squeezing the last breath out of shorts... fine, no one will be shorting, but no one will be buying either.
That is, unless bulls continue buying from each other. With no new market participants, game theory dictates that sooner or later most of them will try to avoid being the 'greater fool'. At that point the market will free fall as a result of flight of the bulls out of their positions -- no short pressure needed.
Do China stock exchanges have restrictions about short selling? If so, there's what you mean.
I think TD point is that in this market neither fundamentals, tech A nor modern portfolio are reliable.
Good Times, yeah we CAN!
10 years in the making....looking less funny now....I need to work on my mullet.
http://online.wsj.com/article/SB123051100709638419.html
It's going to be funny when 20 stocks are in bankruptcy and yet still stuck in the bollinger band. That'll be a real head scratcher. I guess we are going to see this zombie thing taken to the Macbre extremes.
bollinger band music:
http://www.youtube.com/watch?v=1tqxzWdKKu8
Truly unbelievable what's happening in the market.
The more stupid one is, the more likely one is making big money....basically 1999 all over again.
I remember that many fund managers lost their jobs because they didn't want to participate in the rally back then!
mkt supposed to be hard. smart don't cut it
1) crooked makes money
2) dumb makes money short term, loses it all long term
3) how come these wimpy folks here delete posts that make them look like the saps they are?
Don't sweat it, they're just Nazis regarding proper spelling, grammar and punctuation.
I went to cash today. Market isn't going to do anything worthwhile the next few weeks.
Did the same last week hoping for the same. Just let the fools go.
this market is insane. making money every day and investing all profits into puts.
Is there any limit that could be put on banksters where they DON'T use "the world will explode if you regulate us" argument? Jagoffs, the lot of em
hat tip: finance news & finance opinions
Like UK's Gordon Brown's speech... an end to boom and bust just before the biggest bust in history!...that's right. it is like that.
What happened to my VWAP reversion algo today? Where was the dive just before close to bring the price back to VWAP?
you've been duped LOL
Hmmm... that's what happens when you listen to a blog without stopping to figure out its all nonsense. IF (and thats a big if) anybody was actually arb'ing vwap reversion, that trade was dead by the time it made it onto a blog. The timeframes on those vwap charts looked a lot like day trading (NOT high frequency). Eventually the high frequency guys catch on to what the tradestation kids are doing and take them to the slaughterhouse. That's why everyone on this blog is up in arms about HFT.
Idiot. Most of them were turned off because the trend is liable to change soon.