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If Volume = Crap, Then Buy, Buy, Buy
Yawn
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Cramer's sound board for those who wish to chime in:
http://www.cnbc.com/id/18724672/
Here's my confusion: yesterday every smart guy out there told me the reason we traded 103m SPYs (which was 10m fewer than we traded the day before XMas eve) was because "Europe was on vacation and Easter holidays" and other such assorted crap
Today everyone is back, fully rested up from, er, Easter - and the firehose opens: 107m SPY's, only 6m fewer than we traded last XMas eve.
Let me guess, everyone stayed home today and is resting up for Arbor Day
Its a simple game of chicken. Right now those on the sellers strike are winning. Those refusing to buy are losing. Theres a strike nonetheless and volumes prove that.
Who blinks first - the algos or the "dumb" money. We need to see a volume spike to confirm a trend reversal (although we didnt see volumes associated with trend reversals at the march 09 lows...)
This method is proven to work, under these conditions.
I know that its no longer possible for markets to close down at all, but I still like the way they keep it exciting, by selling off a little in the morning or mid-day, just to make things a bit scary, then at the end everything always turns out ok, its just like a real-life version of a hollywood action flick.
It really is sort of stunning to watch at this point. Your namesake would likely advise you to drop a little 'moksha medicine' and enjoy the show. Sooner or later HAL will have a bad hair day and then the real fun begins.
Better than Jack Bauer, James Bond and Indiana Jones all rolled into one.
XLF, IWM and Crude Oil is all you need to know.
Wouldn't take much of a drop from here for this to be a key reversal day.
The market expects the "Greenspan Put" to still be in effect under Benny, courtesy of the PPT.
I really cannot believe what I'm seeing. The market refuses to go down. It really feels like we are living inside of an old episode of Hitchcock's Twilight Zone. I get up for work early in the morning and it's usually on the Sci-Fi channel and there we are.
It's more like Groundhog Day for me.
Yeah its been like GroundHog day for the last 365 days and counting
Officially, a DOWN day! Whoooppeee!! Oh, wait, SPX up, NASDAQ up, Small Cap up, OOPPPPS, thought I saw a "hyphen".
Ok, looks like I'll have to help you guys out. Tomorrow I will buy a few OTM calls. That should mark the start of the long anticipated correction.
LOL! Know the feelin'. It's as if you have to make the "wrong" move or capitulate, ha ha.
.... your welcome!!
Question. If you know the volume is crap and they manipulate the market up on crap volume, why aren'yt you buying then?
Daisy, Daisy, give me your answer do. I'm half crazy all for the love of you. It won't be a stylish marriage, I can't afford a carriage. But you'll look sweet upon the seat of a bicycle built for two.
I hope this was meant to be a joke.
As TD likes to say, "it always works...until it doesn't"
Have fun holding the bag
Are you wanting a response?
"buy buy buy"
See market colapse of 08 for details on following the sheep...
Forget the serious stuff - how can I steal Headbanger's cartoon icon.
booya: http://www.beerorkid.com/avatars/love_your_job.gif
nice!
The robots are making money today.
Happily, my own trading bot is out there, making me money, too.
It sucks that the market no longer cares about fundamentals. Someday, it may care again, but until then, my algos are raking it in.
I don't watch much TV, but there seems to have been a significant uptick in brokerage service ads. Looking for suckers?
The chart is hilarious.
I was told once that a fair number of traders are Jewish. Tue Mar 30 - Tue Apr 6 is a Jewish holiday with "Sabbath-like restrictions on the first 2 and last 2 days, except for certain work involving food preparation and carrying. Non-essential work prohibited on the intermediate days".
http://www.ou.org/holidays/calendar/2010.
It's ending today, so tomorrow may be interesting.
I wonder, are there any "sabbath-like restrictions" against warmongering and ethnic cleansing? No, probably not. Warmongering is clearly essential work to the existence of Israel.
Does anyone know when this short selling ban will be lifted? Don't know about the economy but this has amplified my own depression :(
We just had the big pull back now up up and away.
Uncle Benny is buying all the banks crap which I am sure will disappear off the books a few years from now when no one is watching.
What a play book.
UPPITY UP UP:
http://williambanzai7.blogspot.com/2010/04/up.html
ROC(50) for VIX is at an extreme level.
6mon SPY:HYG confirms that all caution has been thrown to the wind.
6mon USO:UDN indicates the rise in oil has far exceeded an anti-US$ movement.
Astonished more and more with each passing day that there isn't even a small/healthy correction (stocks)...
3mon SPY:UUP is close to equal (+5.58% vs +4.37%). That surprises me as well.
Where is that Grand Supercycle Bozo when you need him?
well, if your short(like me) and the volume keeps contracting, its pain,,,,fucking pain.... No matter how right Tyler is and ZH.....the bulls and the powers that be have complete control of the stock and bond market...simple I have made and lost.....game over to me made a 1,200,000 on the way down and have given back 550,000 in the last month....no trading for me..over....they win...
well, if your short(like me) and the volume keeps contracting, its pain,,,,fucking pain.... No matter how right Tyler is and ZH.....the bulls and the powers that be have complete control of the stock and bond market...simple I have made and lost.....game over to me made a 1,200,000 on the way down and have given back 550,000 in the last month....no trading for me..over....they win...
why would it go down?
its not as if we have multiple sovereign debt crisis
on the horizon or ALt A resets , Commercial real estate
fallout, Irish banks fallout, potential world war 3
or major earthquakes happening all over the world to sink
it is it?
I will state the obvious. The guv is supporting the market in order to keep our economy going. When the stock market is going up, the people are psychologically assured. They are more positive, spend their money, and support the pol's. Au contraire, if the market falls, the people get grouchy, insecure, become penny pinchers, and don't support the pols.
We are crossing a very rickety economic bridge. Don't look down.
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