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Market Breaks Ascending Channel On Volume Spike

Tyler Durden's picture





 

The ascending channel in the ES has now been broken, with barely notable volume - just kidding. With volume spiking (remember market algo 101: volume low, buy; volume high, sell) today is not looking good for the bulls.

 


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Tue, 02/23/2010 - 13:46 | Link to Comment abalone
abalone's picture

Drinks anyone?

Tue, 02/23/2010 - 14:12 | Link to Comment Noah Vail
Noah Vail's picture

Your endless and excessive use of acronyms is driving us all nuts. WTF is ES?

Tue, 02/23/2010 - 14:16 | Link to Comment zarrmax
zarrmax's picture

S&P emini futures

Tue, 02/23/2010 - 14:28 | Link to Comment Dirtt
Dirtt's picture

would a front slash help? /ES

Tue, 02/23/2010 - 14:35 | Link to Comment Anonymous
Tue, 02/23/2010 - 14:35 | Link to Comment Anonymous
Tue, 02/23/2010 - 15:08 | Link to Comment Anonymous
Tue, 02/23/2010 - 16:50 | Link to Comment Anonymous
Tue, 02/23/2010 - 19:29 | Link to Comment Anonymous
Tue, 02/23/2010 - 17:02 | Link to Comment Anonymous
Tue, 02/23/2010 - 17:06 | Link to Comment Anonymous
Tue, 02/23/2010 - 16:28 | Link to Comment Anonymous
Tue, 02/23/2010 - 13:55 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

Serious question:  is there an accurate link to the treasury auction schedule so that I can determine when these events will be allowed to happen and when we will turn around again?

OT: CAPTCHA - square root of 38?  can't be longer than 3 chars? really?

Tue, 02/23/2010 - 13:55 | Link to Comment rubearish10
rubearish10's picture

The Perfect Storm is slowly developing but certainty that we'll see an event like no other. 

Tue, 02/23/2010 - 14:24 | Link to Comment Anonymous
Tue, 02/23/2010 - 14:00 | Link to Comment Anonymous
Tue, 02/23/2010 - 14:01 | Link to Comment deadhead
deadhead's picture

TD...can you throw up fib levels on that bloomberg droid?  if yes, might be helpful to some of us cuz you know the algos got old mr. fibonacci programmed.  thx!

on the spx, we have busted back through the 60 min 50% fib at 1097.59....  38.2 at 1085 and change.  i don't have charts with fibs on the ES.  

Tue, 02/23/2010 - 14:07 | Link to Comment ShankyS
ShankyS's picture

If you ever need a chart let me know.

Tue, 02/23/2010 - 15:55 | Link to Comment deadhead
deadhead's picture

thx shanky!  

 

 

Tue, 02/23/2010 - 14:24 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

"Hey." said BS Bernanke with a blank stare.  "Hey." said Hank Paulson with an equally moronic look.  "Want to play with me?" asked BS.  "Sure."  said Hank.  "What do you want to play?"  "Well, do you have any gold or paper?"  "Yes back at my house.  I have all of AmerCIA's gold and paper there."  "Good, get it, then bring it over to my house."  BS did just that.  "Lets play, "Throw paper and gold into the furnace and see what happens."  "Okay!"  BS was excited.  Usually the other boys did not like to play with him.  "Okay, you throw the paper in the furnace and I will throw the gold, and then whoever has the most at the end wins.  Go!"  Ben worked hard to pick up as much paper as possible, but his tiny hands could only grasp so much.  Hank was having an easier time, but was not putting much in at a time.  "You are going to lose!" said BS.  "Easy does it.  You have a lot of paper to go."  They were there all night, until Hank's mom called them in for supper.  "After dinner, we will go back out and see who has the most left."  At dinner Hank yelled at his mom to not touch is ninja turtles on his bed any more.  "Those are mine, and I want them a certain way."  "OK Henry, I understand." 

Once dinner was over, both boys went back outside to inspect the furnace.  "There is nothing in there!"  exclaimed BS.  "Who is that!"  Hank exclaimed as he pointed up towards the moon.  "I don't know said BS, squinting his eyes.  BS turned around.  Hank was not there.  He walked up to the house, but the door was locked.  From the next story a window opened, and Hank shouted out.  "BS, I will see you later.  My mom said you have to go home." BS had been duped.  When he got home, his mom and pop were very upset.  "You lost all our gold and paper."  You would think this episode was traumatic for BS, but he is very masochistic, and likes the abuse.

Tue, 02/23/2010 - 14:57 | Link to Comment Anonymous
Tue, 02/23/2010 - 15:39 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

you made my day!  hahahaha!

Tue, 02/23/2010 - 18:49 | Link to Comment Anonymous
Tue, 02/23/2010 - 14:25 | Link to Comment Anonymous
Tue, 02/23/2010 - 14:30 | Link to Comment Gimp
Gimp's picture

Lennon WTF?

Tue, 02/23/2010 - 14:39 | Link to Comment hbjork1
hbjork1's picture

Lennon, capitol! Or is that capital?

Tue, 02/23/2010 - 14:56 | Link to Comment brandy night rocks
brandy night rocks's picture

Ha ha!  I get it!  It's someone using an ostensibly clever but ultimately pointless parable to turn a potentially interesting tech analysis observation into YET AFUCKINGNOTHER "gold rooooooolz doellars droooooolz" retard ping pong match.  Yay!

 

edit: although, to be totally honest I was drawn to the author's recounting of Henry Paulson's chastisement of his mom for messing with his TMNT.  That was good.

Tue, 02/23/2010 - 15:08 | Link to Comment Anonymous
Tue, 02/23/2010 - 15:17 | Link to Comment MiningJunkie
MiningJunkie's picture

Big Deal! Timmy and Bennie and Lloyd will give the PPT instructions at 3 p.m. and crush the shorts - again.

Tue, 02/23/2010 - 15:56 | Link to Comment John McCloy
John McCloy's picture

And right on schedule. BAC back over 16.00

Sudden reversal. I wonder if anyone was loading up on SPYs?

Tue, 02/23/2010 - 17:55 | Link to Comment jkruffin
jkruffin's picture

Just saw a flash then its gone, that S&P just downgraded the city of Los Angeles credit rating again,  Tyler, you gotta go get and post that story if its out there!!!

Sat, 04/17/2010 - 10:16 | Link to Comment Tom123456
Tom123456's picture

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