Critical 55-DMA Support About To Be Taken Out

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Thu, 03/10/2011 - 10:42 | 1036382 CPL
CPL's picture

I have three consoles running here.  WTF is going on at the markets right now.  Is it halted?  Numbers from all three subscription feeds are fucked up.

Thu, 03/10/2011 - 10:43 | 1036388 CPL
CPL's picture

Anyone else noticing that the baords are all screwed up right now?

Thu, 03/10/2011 - 10:45 | 1036393 fuu
fuu's picture

yes.

Thu, 03/10/2011 - 10:45 | 1036397 CPL
CPL's picture

I think they just halted the markets.  Can't pull any quotes now.

Thu, 03/10/2011 - 11:06 | 1036455 fuu
fuu's picture

I think it was just a data feed error/obfuscation.

Thu, 03/10/2011 - 13:03 | 1036816 French Frog
French Frog's picture

it's always a good idea to have data feeds from at least 3 different providers, ideally each located on a different continent; i did notice a 5 seconds glitch on my US feed but my european and asian ones were completely unaffected

Thu, 03/10/2011 - 10:46 | 1036395 Catullus
Catullus's picture

My orders won't fill. Totally fucking liquid.

Thu, 03/10/2011 - 10:46 | 1036402 CPL
CPL's picture

Same here.  TD, Think or Swim and eTrade are locked.

Thu, 03/10/2011 - 10:50 | 1036413 gmrpeabody
gmrpeabody's picture

My order went thru ok on a small account in Fidelity.

Thu, 03/10/2011 - 11:07 | 1036464 Josh Randall
Josh Randall's picture

Is it snowing in your office ? Is today a school holiday ?

Thu, 03/10/2011 - 10:45 | 1036398 malikai
malikai's picture

Everything's crazy right now. Are nukes flying?

Thu, 03/10/2011 - 10:49 | 1036409 CPL
CPL's picture

Something is going on.  Can't find anything though.  network problems again between point A and B maybe

 

TNA would have been a good play today with the big drop on open though.  Oh well.

Thu, 03/10/2011 - 11:50 | 1036622 Bob
Bob's picture

Great day for TZA, though: Pushing +8% right now.  Strange, with oil falling on a stronger $; it doesn't appear that the correlations are holding. 

Thu, 03/10/2011 - 11:57 | 1036633 CPL
CPL's picture

Agreed, considering what TZA represents, the market is hardly a bastion of sanity anymore.

Thu, 03/10/2011 - 10:46 | 1036400 Birddog
Birddog's picture

my charts seemed to pause a bit...thought it was my connection

Thu, 03/10/2011 - 10:57 | 1036434 CPL
CPL's picture

Weird, even Forex isn't updating.  Usually the morning open and the USD/CDN is jumping around like a six year old after drinking a redbull.

 

It's like everything is out of sync...if that makes sense.

Thu, 03/10/2011 - 11:46 | 1036605 chistletoe
chistletoe's picture

I was able to close out my GM short.

 

You guys must be trying to sell.

They will accept buy orders, just not sells....

Thu, 03/10/2011 - 10:43 | 1036384 Cognitive Dissonance
Cognitive Dissonance's picture

The Fed will just double down on the POMO over the next few weeks. Remember that we're expecting the new schedule later today. Let's see if it's front loaded.

Thu, 03/10/2011 - 10:54 | 1036423 Dr. Richard Head
Dr. Richard Head's picture

Exactly.  Technical, schmecnical.  Benny gots this.  We all need to go buy some C, BAC, AMP, AMZN, and AAPL.  This is a great Fucking Dip to Buy. 

Thu, 03/10/2011 - 11:18 | 1036507 SWRichmond
SWRichmond's picture

No, they're going to "exit" soon, remember?  Can't you get your story straight?

Fed Gives Markets Clues on Exit From Unprecedented Easing

http://www.bloomberg.com/news/2011-03-10/fed-giving-credit-markets-clues...

Remember, we have a strong dollar policy.  We give it lip service everytime we need to or think we can get away with it.

Thu, 03/10/2011 - 14:14 | 1036575 Cognitive Dissonance
Cognitive Dissonance's picture

Maybe I should just close my eyes and randomly hit stock symbols and the "buy" and "sell" buttons. Or get the monkey suited up to play "Stock market shoots and ladders" like back in the 90's.

Thu, 03/10/2011 - 11:44 | 1036602 RoRoTrader
RoRoTrader's picture

That is a very astute observation and right off the 55.

Thu, 03/10/2011 - 10:44 | 1036386 gordengeko
gordengeko's picture

Looks like there was a reason for that tremendous volume in TWM lately.

Thu, 03/10/2011 - 10:42 | 1036387 Tulli
Tulli's picture

Price target: 1.190 area, before the end of March, then another run up.

Thu, 03/10/2011 - 10:44 | 1036392 X. Kurt OSis
X. Kurt OSis's picture

T3H B3RNaNK WUZ R0Ng!!!

 

H3LP M3 T1MMAY!!!

Thu, 03/10/2011 - 10:46 | 1036401 Johnny Lawrence
Johnny Lawrence's picture

Why is the 55 so important, when it appears the same is true for the 50 DMA?

Thu, 03/10/2011 - 11:40 | 1036587 Cognitive Dissonance
Cognitive Dissonance's picture

Because the double nickel was institutionalized back during the OPEC oil embargo and gas shortages of the 70's. This is why the young traders are ultimately gonna get monkey hammered. They don't know about CB radios and "breaker breaker one nine", critical info to have in today's market.

Thu, 03/10/2011 - 11:55 | 1036629 lilimarlene1
lilimarlene1's picture

Only get half of that, but the half I got was damned funny.

Thu, 03/10/2011 - 12:06 | 1036651 RockyRacoon
RockyRacoon's picture

10-4 Good buddy.

Ooops, that wasn't so cool was it?

Thu, 03/10/2011 - 12:25 | 1036731 cbxer55
cbxer55's picture

10-4 good buddy!  LOL   ;-)

http://www.youtube.com/watch?v=HWO_AIh8drk

Thu, 03/10/2011 - 10:47 | 1036403 Henry Chinaski
Henry Chinaski's picture

Looks like it hung up at 1299 for a while and recovered. Trading day is over now, but not too late to BTFD.

Thu, 03/10/2011 - 10:49 | 1036408 Joeman34
Joeman34's picture

Yeah, who still believes technical analysis is worth a sh*t???

 

We'll probably close green today...

Thu, 03/10/2011 - 10:50 | 1036411 mynhair
mynhair's picture

I'll believe it when AAPL goes under $300.

Thu, 03/10/2011 - 10:50 | 1036412 mendigo
mendigo's picture

maybe pimpco is positioning to by the dip

maybe its on

Thu, 03/10/2011 - 10:51 | 1036414 Boilermaker
Boilermaker's picture

HERE COMES THE CALVARY!!!

MIRACLE MYSTERY RALLY ENSUES!!!

 

Thu, 03/10/2011 - 12:06 | 1036659 RockyRacoon
RockyRacoon's picture

Yeah, getting all evangelical might work:  Pray for some help.

But the cavalry might "save" you instead.  Go, Custer.

Thu, 03/10/2011 - 10:52 | 1036417 Sudden Debt
Sudden Debt's picture

looks more like the november patern to be repeated to me...

 

Thu, 03/10/2011 - 10:53 | 1036421 CPL
CPL's picture

Yup.  Going to make a coffee and see what this looks like in an hour.  Can't trade if I can't buy anything.

Thu, 03/10/2011 - 11:22 | 1036513 Sig Sauer
Sig Sauer's picture

try selling first?

Thu, 03/10/2011 - 11:28 | 1036542 CPL
CPL's picture

Don't hold anything longer than a couple of hours these days.  All my positions are closed as of yesterday at around 1:30.  Holding anything longer than a couple of hours is a good way to get killed trading.

Thu, 03/10/2011 - 10:52 | 1036418 Bansters-in-my-...
Bansters-in-my- feces's picture

Wow.....Nice.....Manipulation in a picture.....
Frame it on up.

Thu, 03/10/2011 - 10:53 | 1036424 X. Kurt OSis
X. Kurt OSis's picture
As reported on Bloomberg: Dimon, Pandit, Blankfein, Ackermann Join Kremlin Advisory Board

I almost thought this was a joke... 

http://noir.bloomberg.com/apps/news?pid=20601087&sid=adxTfegoxk3U&pos=7

Thu, 03/10/2011 - 11:12 | 1036473 AN0NYM0US
AN0NYM0US's picture

+1 great find

 

The article even looks like a fake with that mug shot of Lloyd - Amazing

 

 

Thu, 03/10/2011 - 11:30 | 1036554 gmrpeabody
gmrpeabody's picture

You couldn't make this sh_t up.....

It's very telling.

Only problem is, I don't know what it's telling me.

Thu, 03/10/2011 - 12:10 | 1036671 RockyRacoon
RockyRacoon's picture

They're buying up the whole country.  They have to go somewhere when they see the torches and pitchforks coming down the road.   New heli-pad installed on the roof of the Fed building to get them outta Dodge in a hurry.  Russia will welcome them as liberators, Cheney says so.

Thu, 03/10/2011 - 12:32 | 1036744 dark pools of soros
dark pools of soros's picture

did all the Bolsheviks ever leave?

Thu, 03/10/2011 - 14:26 | 1037115 RockyRacoon
RockyRacoon's picture

Don't know... don't care.  My Russian is rusty.   I lied, it's non-existent.

Thu, 03/10/2011 - 12:26 | 1036730 X. Kurt OSis
X. Kurt OSis's picture

I can't get over this. Our TBTF bankers teaching a former communist country how to centrally plan the economy. We are through the looking glass... This is how deep the rabbit hole goes.

Thu, 03/10/2011 - 14:14 | 1037069 Henry Chinaski
Henry Chinaski's picture

Brilliant!  Whose idea was that and what took them so long to figure it out?

Ruskies play hardball and those guyz better hire food testerz. 

Thu, 03/10/2011 - 10:55 | 1036430 johnnymustardseed
johnnymustardseed's picture

FED  will go long tomorrow

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