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NQ Flash Crash Imminent?

Submitted by Tyler Durden on 01/28/2011 12:37 -0400

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 | 913278 spartan117

Gold just flashcrashed up.

Fri, 01/28/2011 - 12:40 | 913283 schoolsout

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

Fri, 01/28/2011 - 12:47 | 913316 More_sellers_th...

HAHA its a Flashdance

Fri, 01/28/2011 - 12:52 | 913344 william the bastard

STFR

Fri, 01/28/2011 - 13:06 | 913429 Pool Shark

What happened to BTFD?

Fri, 01/28/2011 - 13:15 | 913494 Prof Gulliver

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

Fri, 01/28/2011 - 12:54 | 913356 spartan117

Flashhash?

Fri, 01/28/2011 - 12:40 | 913282 TradingJoe

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

Fri, 01/28/2011 - 12:48 | 913317 erik

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 | 913525 TradingJoe

am aware of that!

Fri, 01/28/2011 - 12:42 | 913284 william the bastard

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

Fri, 01/28/2011 - 12:44 | 913296 Internet Tough Guy

Oil now up almost 3%.

Fri, 01/28/2011 - 12:43 | 913291 SheepDog-One

W&R you BASTAGES!!

Fri, 01/28/2011 - 12:44 | 913292 buzzsaw99

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

Fri, 01/28/2011 - 12:46 | 913304 Ferg .

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 | 913331 IBelieveInMagic

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

Fri, 01/28/2011 - 12:44 | 913295 bernorange

Equities and commodities are all doing flash dances.

Fri, 01/28/2011 - 12:45 | 913302 Zexe

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

Fri, 01/28/2011 - 12:47 | 913314 HarryWanger

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 | 913323 More_sellers_th...

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

Fri, 01/28/2011 - 12:50 | 913330 hdunn2

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 | 913338 SheepDog-One

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 | 913370 subqtaneous

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

Fri, 01/28/2011 - 12:57 | 913381 HarryWanger

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 | 913498 bob_dabolina

You're such a shit.

Fri, 01/28/2011 - 13:17 | 913510 RmcAZ

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 | 913547 HarryWanger

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 | 913324 SheepDog-One

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 | 913473 Sophist Economicus

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

Fri, 01/28/2011 - 14:14 | 913752 Chump

Nope. In time we all die.

Fri, 01/28/2011 - 12:50 | 913327 Overpowered By Funk

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

Fri, 01/28/2011 - 12:50 | 913332 Ferg .

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 | 913333 Ferg .

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 - 13:35 | 913309 99er

SPX

Three Black Crows?

http://99ercharts.blogspot.com/2011/01/spx_28.html

http://www.zerohedge.com/forum/99er-charts-0

Fri, 01/28/2011 - 12:47 | 913311 surferexx

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

Fri, 01/28/2011 - 12:47 | 913312 surferexx

Fri, 01/28/2011 - 12:47 | 913315 TWORIVER

Reversal Day. Game Over.

Fri, 01/28/2011 - 12:48 | 913318 Horatio Beanblower

The irony...

"DUP councillor crashes into Axa Insurance shop in Larne" -

Fri, 01/28/2011 - 12:48 | 913319 RobotTrader

MSFT getting blowtorched.

Fri, 01/28/2011 - 12:51 | 913336 william the bastard

Kewl track suit

Fri, 01/28/2011 - 12:53 | 913346 SheepDog-One

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

Fri, 01/28/2011 - 13:02 | 913406 Oh regional Indian

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 | 913322 system failure

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 | 913347 HelluvaEngineer

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 | 913466 system failure

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

Fri, 01/28/2011 - 14:48 | 913883 kentfinance

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

Fri, 01/28/2011 - 12:49 | 913326 TemporalFlashback

The (Egyptian) revolution will not be televised.

Fri, 01/28/2011 - 12:50 | 913328 bunkermeatheadp...

Sell off strengthening

Fri, 01/28/2011 - 12:51 | 913334 oogs66

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

Fri, 01/28/2011 - 12:52 | 913340 hedgeless_horseman

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

Fri, 01/28/2011 - 12:54 | 913361 SheepDog-One

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 | 913372 hedgeless_horseman

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

Fri, 01/28/2011 - 12:52 | 913345 chet

Everything cliff diving

Fri, 01/28/2011 - 12:53 | 913348 Dick Darlington

01-28 11:46: NASDAQ to cancel all options trades in NASDAQ 100 and CBOE mini index between 930am - 1025am

Fri, 01/28/2011 - 13:05 | 913425 hedgeless_horseman

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 | 913368 HarryWanger

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 | 913409 TWORIVER

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 | 913450 system failure

You are absolutely right, this is a POMO day.

Fri, 01/28/2011 - 14:42 | 913860 kentfinance

what about DJI?

Fri, 01/28/2011 - 12:56 | 913374 Running on Empty

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

Fri, 01/28/2011 - 13:00 | 913393 Bruno the Bear

AMZN off by over 9%.

Fri, 01/28/2011 - 13:00 | 913394 ak_khanna

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 | 913401 Zexe

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

Fri, 01/28/2011 - 13:39 | 913602 anony