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NQ Flash Crash Imminent?

Tyler Durden's picture





 

Yeah, we went there. Time for the SEC to institute a market wide circuit breaker before Waddell And Reed does what they tend to do every time a revolution is televized. In other news, can we get a bid on all the DowRussell 36,000 hats we took delivery of yesterday?

 


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Fri, 01/28/2011 - 12:39 | Link to Comment spartan117
spartan117's picture

Gold just flashcrashed up.

Fri, 01/28/2011 - 12:40 | Link to Comment schoolsout
schoolsout's picture

don't they call that a "flashdash" or somesuch 'round these parts?

Fri, 01/28/2011 - 12:47 | Link to Comment More_sellers_th...
More_sellers_than_buyers's picture

HAHA its a Flashdance

Fri, 01/28/2011 - 12:52 | Link to Comment william the bastard
william the bastard's picture

STFR

Fri, 01/28/2011 - 13:06 | Link to Comment Pool Shark
Pool Shark's picture

What happened to BTFD?

Fri, 01/28/2011 - 13:15 | Link to Comment Prof Gulliver
Prof Gulliver's picture

It's snowing, that's the reason for the down day I tell ya.

Fri, 01/28/2011 - 12:54 | Link to Comment spartan117
spartan117's picture

Flashhash? 

Fri, 01/28/2011 - 12:40 | Link to Comment TradingJoe
TradingJoe's picture

yeah yeah my puts seem to be doin' just fine eh?!

Fri, 01/28/2011 - 12:48 | Link to Comment erik
erik's picture

the S&P 20 day moving average at ~1280-1281 is a very important line in the sand for the market.

Fri, 01/28/2011 - 13:21 | Link to Comment TradingJoe
TradingJoe's picture

am aware of that!

Fri, 01/28/2011 - 12:42 | Link to Comment william the bastard
william the bastard's picture

my Bakken play oil stocks are ripping. nice to be USA based

Fri, 01/28/2011 - 12:44 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

Oil now up almost 3%.

Fri, 01/28/2011 - 12:43 | Link to Comment SheepDog-One
SheepDog-One's picture

W&R you BASTAGES!!

Fri, 01/28/2011 - 12:44 | Link to Comment buzzsaw99
buzzsaw99's picture

The JPM trader doesn't generally step into the pits until after lunch.

Fri, 01/28/2011 - 12:46 | Link to Comment Ferg .
Ferg .'s picture

Exactly . Watch the more volume depleted hours towards the close . We'll know if this is the real deal if we can maintain selling pressure and close at the lows

Fri, 01/28/2011 - 12:50 | Link to Comment IBelieveInMagic
IBelieveInMagic's picture

Yes, it is like any NBA game -- it all comes down to the last two minutes... Green close.

Fri, 01/28/2011 - 12:44 | Link to Comment bernorange
bernorange's picture

Equities and commodities are all doing flash dances.

Fri, 01/28/2011 - 12:45 | Link to Comment Zexe
Zexe's picture

Dow down 100 points and permabers at ZH celebrate LOL how pathetic.

Fri, 01/28/2011 - 12:47 | Link to Comment HarryWanger
HarryWanger's picture

Exactly! SPX down just over 1% after a 35% run up. Even NAZ down 2% does not a flash crash make.

Fri, 01/28/2011 - 12:49 | Link to Comment More_sellers_th...
More_sellers_than_buyers's picture

C'mon Harry ..another 200 point down move in the Nasdaq and Im breaking even Bitchezzz...lol

Fri, 01/28/2011 - 12:50 | Link to Comment hdunn2
hdunn2's picture

dude you literally are a tool. hows that whole "headline number unemployment will blow your socks off" bit going? literally a day before we had 450k+ claims you were touting how youv'e read a bunch of great articles claiming how well the employment situation is going to be for Jan. 

 

paz. not.

Fri, 01/28/2011 - 12:51 | Link to Comment SheepDog-One
SheepDog-One's picture

Oh really Harry? I thought you said it was a slow, steady, totaly reasonable normal upwards gain of 40% in a few months. But hey, keep holding your equities waiting for the rescue it will be fun Im sure.

Fri, 01/28/2011 - 12:55 | Link to Comment subqtaneous
subqtaneous's picture

wasn't it you prognosticating an inevitable 1250 the other day?

 

Fri, 01/28/2011 - 12:57 | Link to Comment HarryWanger
HarryWanger's picture

Sure was. That's why I'm not concerned at all. We were lower than this on Monday so everyone needs to keep it in perspective. A pull back to 1250 SPX would very healthy and rather expected.

Fri, 01/28/2011 - 13:16 | Link to Comment bob_dabolina
bob_dabolina's picture

You're such a shit.

Fri, 01/28/2011 - 13:17 | Link to Comment RmcAZ
RmcAZ's picture

If pullbacks are healthy, where are all your other pullbacks since, oh, September?

No matter what happens in the market, you always claim it is good. Eventually the market won't go up anymore, and you're going to be left holding the bag.

Fri, 01/28/2011 - 13:26 | Link to Comment HarryWanger
HarryWanger's picture

It is good - healthy markets need pull backs. This is 1.4% on SPX right now. Market will stop going up when we challenge the all time SPX highs at EOY. Then it's time to get out.

Fri, 01/28/2011 - 12:49 | Link to Comment SheepDog-One
SheepDog-One's picture

Nah I dont see your observation holding true, all I see is a few comments...lets see last weeks spam campaign posts from the permaBULLS all over the place. In fact, where ARE the usually arrogant bulls today? Just normal for them, bull-dancing around all day if anythings green, totaly silent when the scam shows some stress fractures.

Fri, 01/28/2011 - 13:12 | Link to Comment Sophist Economicus
Sophist Economicus's picture

Patience SDO, patience....Time is on your side

Fri, 01/28/2011 - 14:14 | Link to Comment Chump
Chump's picture

Nope.  In time we all die.

Fri, 01/28/2011 - 12:50 | Link to Comment Overpowered By Funk
Overpowered By Funk's picture

Just a little reality in a make believe world - no cheering here.

Fri, 01/28/2011 - 12:50 | Link to Comment Ferg .
Ferg .'s picture

I'm not celebrating . I'm just happy that the market is showing signs that it's not an artificial one direction pump .  Corrections are healthy .

Fri, 01/28/2011 - 12:51 | Link to Comment Ferg .
Ferg .'s picture

I'm not celebrating . I'm just happy that the market is showing signs that it's not an artificial one direction pump .  Corrections are healthy .

Fri, 01/28/2011 - 12:47 | Link to Comment surferexx
surferexx's picture

first time in a while the equity/pm relationship has looked normal.

Fri, 01/28/2011 - 12:47 | Link to Comment surferexx
surferexx's picture

*

Fri, 01/28/2011 - 12:47 | Link to Comment TWORIVER
TWORIVER's picture

Reversal Day. Game Over.

Fri, 01/28/2011 - 12:48 | Link to Comment Horatio Beanblower
Fri, 01/28/2011 - 12:48 | Link to Comment RobotTrader
RobotTrader's picture

MSFT getting blowtorched.

Fri, 01/28/2011 - 12:51 | Link to Comment william the bastard
william the bastard's picture

Kewl track suit

Fri, 01/28/2011 - 12:53 | Link to Comment SheepDog-One
SheepDog-One's picture

WOW the heat is on? Or does that guy need a few more bypass procedures...WTF?

Fri, 01/28/2011 - 13:02 | Link to Comment Oh regional Indian
Oh regional Indian's picture

That's Balls to the Wall Ballmer after his much circulated speech to mSofties after taking over from Grates. Man made a total buffoon of himself.

ORI

Fri, 01/28/2011 - 12:49 | Link to Comment system failure
system failure's picture

The Vix bounced off the long downtrend line going all the back to April 12th and is up over 14.5% today. Amazing!!!

Fri, 01/28/2011 - 12:53 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

And of course VXX is only up 7%.  Monday the DOW will move up 10 points and VXX will tumble 4%.

Fri, 01/28/2011 - 13:11 | Link to Comment system failure
system failure's picture

WOW! up over 22% now.......there must have been a bounced check on the POMO auction today???

Fri, 01/28/2011 - 14:48 | Link to Comment kentfinance
kentfinance's picture

VXX is not a vol instrument (despite advertisements), but a -2 beta item. hedge accordingly.

Fri, 01/28/2011 - 12:49 | Link to Comment TemporalFlashback
TemporalFlashback's picture

The (Egyptian) revolution will not be televised.

Fri, 01/28/2011 - 12:50 | Link to Comment bunkermeatheadp...
bunkermeatheadprogeny's picture

Sell off strengthening

Fri, 01/28/2011 - 12:51 | Link to Comment oogs66
oogs66's picture

I'll trade an IG200 hat for a Dow 36,000 :)

Fri, 01/28/2011 - 12:52 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

Mostly retail selling...they'll be back.  HAHAHAHAHAHA!

Fri, 01/28/2011 - 12:54 | Link to Comment SheepDog-One
SheepDog-One's picture

Retail? LOL they all left 18 months ago! This is simply the new ruling that food stamps are no longer tradable for SPY futures....back to slingin crack on the streets.

Fri, 01/28/2011 - 12:56 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

GM down 5%.  Must be the new models are not the fuel efficient cars Americans demand?

Fri, 01/28/2011 - 12:52 | Link to Comment chet
chet's picture

Everything cliff diving

Fri, 01/28/2011 - 13:05 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

Bernanke breathing a sigh of relief, as all blame for The Crash 5.0 is now on the Muslim Terrorists rioting in the Middle East.

Fri, 01/28/2011 - 12:55 | Link to Comment HarryWanger
HarryWanger's picture

Keep this in perspective - SPX was lower than this on Monday. We're still higher than Monday's low.

Fri, 01/28/2011 - 13:02 | Link to Comment TWORIVER
TWORIVER's picture

We close below 127.13 on SPY it will be a Reversal week. Google it if you don't know what that means.

Fri, 01/28/2011 - 13:09 | Link to Comment system failure
system failure's picture

You are absolutely right, this is a POMO day.

Fri, 01/28/2011 - 14:42 | Link to Comment kentfinance
kentfinance's picture

what about DJI?

Fri, 01/28/2011 - 12:56 | Link to Comment Running on Empty
Running on Empty's picture

Good time for Israeli to do something with Iran now that no one's watching.

Fri, 01/28/2011 - 13:00 | Link to Comment Bruno the Bear
Bruno the Bear's picture

AMZN off by over 9%. 

Fri, 01/28/2011 - 13:00 | Link to Comment ak_khanna
ak_khanna's picture

The stock, commodity and currency exchanges have been reduced to gambling dens whereby the more powerful traders with deep pockets move the markets to maximize their own profits at the expense of the remaining not so powerful players. The big boys have enormous money power to move the markets in the direction which results in maximum profits for themselves. They effectively use the media to lure the other players in the market to a position where they would incur maximum loss. It is similar to rounding up maximum sheep before shutting the doors of the slaughter house.

http://www.marketoracle.co.uk/Article24581.html

Fri, 01/28/2011 - 13:01 | Link to Comment Zexe
Zexe's picture

Dow down 100 points and permabers at ZH celebrate LOL how pathetic.

Fri, 01/28/2011 - 13:39 | Link to Comment anony
anony's picture

Pathos went out at the Nuremberg War Criminal Trials.  It's so yesteryear.

Fri, 01/28/2011 - 16:11 | Link to Comment Clapham Junction
Clapham Junction's picture

(d)

Fri, 01/28/2011 - 13:02 | Link to Comment system failure
system failure's picture

Here comes the flash crash and rule 48 bullshit when things go wrong.......in 3...2...1...

Fri, 01/28/2011 - 13:04 | Link to Comment I Am The Unknow...
I Am The Unknown Comic's picture

S&P failed to hold at 1280

Fri, 01/28/2011 - 13:08 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

Stronger support at 666.

Fri, 01/28/2011 - 13:10 | Link to Comment TheEmperor
TheEmperor's picture

Commander Cody: Prepare to execute 'Order 66'

Fri, 01/28/2011 - 13:12 | Link to Comment donkeydog
donkeydog's picture

Wadell and Reed again?

Fri, 01/28/2011 - 13:19 | Link to Comment bob_dabolina
bob_dabolina's picture

IBM is gona get an insta-bid @ 168 any moment now.

Fri, 01/28/2011 - 13:32 | Link to Comment firstdivision
firstdivision's picture

I love how NQ canceled all those trades to get a bounce.  Nice job fair and balanced markets.

Fri, 01/28/2011 - 13:34 | Link to Comment Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

Never mind where's Harry,the BTFD merchants must be screaming at their monitors"where is Brian Sack".

Mugged on the way to work?

"But..but..but..Bernanke said the market was only going to go up"

"Ehemm,where exactly in writing was that again?"

"Interpretation of his words old boy,no guarantees in this world doncha know"

 "Come on chaps,up to the plate and start buying!"

Fri, 01/28/2011 - 14:06 | Link to Comment bunkermeatheadp...
bunkermeatheadprogeny's picture

Intra day double dip this afternoon?

Fri, 01/28/2011 - 14:46 | Link to Comment kentfinance
kentfinance's picture

going out on the lows. then two days of sweating over levered longs...

Fri, 01/28/2011 - 16:11 | Link to Comment Clapham Junction
Clapham Junction's picture

(d)

Fri, 01/28/2011 - 15:53 | Link to Comment chancee
chancee's picture

I show a mini flash crash on SPY at 12:08.

Fri, 01/28/2011 - 18:10 | Link to Comment Mike2756
Mike2756's picture

I swear it was up +22 on mwatch a few minutes ago.

Fri, 01/28/2011 - 16:49 | Link to Comment kentfinance
kentfinance's picture

and 14.41pm. 1271

Sat, 01/29/2011 - 03:15 | Link to Comment Hephasteus
Hephasteus's picture

Dear muni's. Stay in market so we can dump it and start our austerity. kthx bye.

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