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Market Depth: If 1,070 Taken Out In Futures, Watch Out Below
Total panic in the market. PPT now out protecting the critical 1,070 level in ES. As the chart below shows, if the 1,070 level in ES is taken out, watch out for a repeat of the flash crash.
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They won't let it all fall apart. Unless there is something they want like more power when it does all fall apart.....
Not if but when.....and that is such a guessing game!
there not worried, they will just cancil the trades, you know, they can do that even if they cant find anything wrong..
at least we can know that they will know the exact time when the 'when' will be 'now'...
How about a stampede into US Treasuries?
we are already having that, 10yr at 3.23%... (2:40pm EST)
update at 3:13pm EST: 3.20%...
Doesn't look like they are with a move like that in the Euro
Where is the flash crash ? I want my flash crash! I want to make large amounts of $$$$$$! Large amounts of € which I want to convert into $, no - CHF or JPY is better. More value for my cash. I want my flash crash, please.....
Come on 850!
Oil just took a huge $2 nose dive in a matter of a couple mins, ahead of anything else that I can see at the moment...
No Worries. Barney Frank is on CNBC now telling us how toothless financial reform will get the cloture vote and pass. Thanks politicians for screwing us Americans again.
* No vote on Cantwell-McCain
* No Blanche Lincoln
These politicians truly do not care I just sent Scott Brown an email to tell remind him he is a turncoat and that this is Americans vs Bankers and there is only one side you can be on.
COMPLETELY WORTHLESS BILL,A waste of time and money..A true disgrace to say the least..I would love to see the whole freaking thing explode and see more bailouts..that would be fantastic AFTER A FIN REG BILL PASSES..
Good man. I (constituent) have been calling him and Kerry every couple of days. For Brown, I get through easier at the Boston number, than the DC number.
'saving' the markets in 08/09 was the best thing governments could do. now we can crash and rebuild both at the same time.
This is seriously fucked up.
It feels like all options are being used to stop/prevent another FlashCrash.
No the flash crash is where the market wants to be. They are just trying to get it down to there in an orderly fashion because it's become too apparent to everyone that they got too much ass hanging out and have been depants already.
Don't worry, that size "wall" moves back and forth as the algos dictate. If you try to hit it with a sizable order, it disappears and appears just bellow. If you jump in front it "outjumps" you, crossing the market if it has to (in a different exchange).
It is there to intimidate, but it'll run scared if you try to hit it.
PPT will have their hands full today. The indices will end up down "only" 2.75% and Cnbc will call it a victory.
Hey, if I sell my shorts during the next flash crash, will the trade be honored??
Only if you work at the Squid's prop desk.
Wonder if there will be another Ben Lichtenstein audio.
All I know is by the end the Dow will equal an ounce of gold.
Bob Pisani is such a fucking douchebag. He stands there in his pink tie, in the middle of the NYSE, where absolutely NOTHING happens anymore, and talks as if he's got it all figured out.
What a fucking douchebag.
This is a win for the bulls.
LOL!
Whenever i think of pisani i think of that line.
If we DONT have a flash crash today, even if we finish 300pts down, itll be a win for the bulls.
Someone just got interested in Euros.
That looks like a short squeeze on euro. One of the features of crowded trades.
Bernanke, fuck off. We know what you and your cronies are up to.
fwiw - Suisee and UBS bought the bottom in futures yesterday. JPM stopped the freefall at 1071 or so 30 min ago
they're going to try and run this market green today
giving it some gusto! I'll be highly surprised if they hit green though....that said, I've been surprised a few times now!
I've been waiting for oil to come back to reality since the strategic reserve was filled to the brim at the end of December....
probably right but nothing shocks me. tough to read the tape and trade this thing when the PPT hits the nuclear buy button
oil should be at 30. less demand than there was before QE. 2.65 for gas in NJ is robbery
Try the $3.25 I paid for super in CA.
Amen on oil!!! US Reserves are full (largest in the world by several factors), Japan's reserves are full, China's reserves are full (although they continue to expand capacity with the goal of eclipsing Japan within the next decade).....meanwhile demand has fallen to 80's levels.
Duplicate...
"A break above the 1.2445 level in the Euro would trigger a head and shoulders bottom on the short-term charts in EUR/USD. The textbooks tell us we should get a 300 pip rally if triggered."
http://www.forexlive.com/108042/all/thanks-to-blackie-for-pointing-out-t...
Someone just made darn sure it broke that level.
Rumors of emergency ECB meeting...
So how many more DJ points before Benji starts force feeding freshly printed cash to the golden Wall Street goose? After the final slaughter the foie gras should be perfect.
Oil is down. Good... I have to fill up my gas tank. I hope Acmed at my Aamco station changes those prices by tomorrow.
Oil is down. Good... I have to fill up my gas tank. I hope Acmed at my Amoco station changes those prices by tomorrow.
Will we break 1070? From the looks of it, the "PPT" is failing since the /ES looks unable to retrace 38.2% of the drop from 1115 earlier today. For fans of Elliott Wave, the day so far has only been a series of 1-2s. When the 3s start...whee!
Gee @ 1pm the bat-signal went out to buy.
What an organic, price-finding market!
The FBI should be visiting the SEC and taking depositions about now.
What happened to the Euro? Damn that's a quick move.
Someboody, Gimme Shelter!!!!!
http://www.youtube.com/watch?v=fhBpUJcpiCg
And here we go, ramp up comences as we congratulate CB's worldwide for a job well done, and anxiously await tonight's CNBS headlines of the "retarded-fat-finger Thursday"
Incy Wincy SPYder climbs up the water spout.
Nice save by the PPT at precisely 1 pm EST. Will it hold?
Just for kicks I went short on a VIX call spread 55/60. Got filled at my price, but the price for each leg was way out compared to real-time quotes. Very strange.
This feels like a dress rehersal for Flash Crash 2.0
1064 is another key area for the ES_F
Oil looks good at this price.
WTF w/ the Euro. *ouch*
For several days I have been warning that EURUSD buying support is still evident and this has now been confirmed.
The proprietary indicators I use in my technical analysis can identify trend changes before they occur.
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
Hard rally attempt seems to be failing. Try again at 3 PM.
In an A-B-C correction, the "PPT" couldn't get /ES above a 50% retracement of this morning's fall. With more than an hour left on the clock, looks like we'll break 1070 today.
"Brace...brace."
We're currently making like the Jeffersons and melting on up to the eastside.
“When the shit really hits the fan, who do they call? They call mother green and her bear killing machine.”
Sing along now boys and girls:
Who's the leader of the club that's made for you and me?
M-I-C-K-E-Y M-O-U-S-E.
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Mickey Mouse. (Mickey Mouse.)
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Forever let us hold our banner high.
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Come along and sing a song and join the jamboree.
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Here we go a-marching and a-shouting merrily.
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We play fair and we work hard and we're in harmony.
M-I-C-K-E-Y M-O-U-S-E.
Mickey Mouse. (Mickey Mouse.)
Mickey Mouse. (Mickey Mouse.)
Forever let us hold our banner high.
High. High. High.
Boys and girls from far and near you're as welcome as can be.
M-I-C-K-E-Y M-O-U-S-E.
Who's the leader of the club that's made for you and me?
M-I-C-K-E-Y M-O-U-S-E.
Who is marching coast to coast and far across the sea?
M-I-C-K-E-Y M-O-U-S-E.
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Forever let us hold his banner high.
High. High. High.
Come along and sing a song and join the family.
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M-I-T P-H-D M-O-N-E-Y
1070 on the SPX is the (approx) current level of the supporting trend line running along the lows seen Oct 2 2009, Feb 5 2010 and the flash crash on May 6. Next major support is around the 940 area provided by the peaks seen from earlt to mid June 09.
Is it me but every time Tyler says "if ES hits (current price - 20) watch out!" the market magically goes up? Spooky.
Maybe he should start using some octuple reverse flea flicker psychology in his post headlines.
folks, let's be a little rational. for the past two days the market has ended close to where it opened. so there has been no intraday market sell off.
I hate this crap. by the way. it is the same exaxt thing you described how the market has gone all up on gaps. now same thing down. computer algos stealing from each other. i'm learning to plya the game though. you can trade both sides of the market with double inverse funds. how do you think goldman is making money each day.
By betting against everything they sell their clients.
I stand corrected finished down. but a short while ago we were near open.
TD, I concur 100% If we take 1070 out I say we see a 7-12% crash either tomorrow or Monday.
1070 just barely held during RTH
Well well. Support level was just recently taken out, and dropped to a low of 1067.25 in after-hours. It's making a climb back up, and is hovering around 1070. Actually, just broke 1070 for a few seconds as I type. This is interesting to watch.
Interesting, indeed.
May you live in interesting times. LOL
For several days I warned of EURUSD buying support as detected by my indicators - and this has been confirmed by the recent Euro break out.
The proprietary indicators I use can identify trend changes before they occur.
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1