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Rule 48 Invoked As Market Breaks Again, This Time To The Upside

Submitted by Tyler Durden on 05/27/2010 09:13 -0400

Rule 48

Who said living in a SkyNet-controlled world isn't fun and exciting. Atari will not be satisfied until we have a 1,000 point intraday swing in the S&P.

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Thu, 05/27/2010 - 09:15 | 376552 reading

un freaking believable. That would be broken so that no one can sell this top and it gives them another chance to see if they break through resistance with vapors.

Thu, 05/27/2010 - 09:18 | 376561 ZeroPower

Seriously.. What is that, 3rd time in 2 weeks!

Just btw, theres nothing actually stopping anyone from selling during Rule 48...

Thu, 05/27/2010 - 09:19 | 376567 reading

I do realize that ...I just meant it would be the pre-cursor to a full on breakage which seems to happen pretty regularly.

Thu, 05/27/2010 - 11:05 | 376866 ZeroPower

Word

Thu, 05/27/2010 - 09:21 | 376575 66Sexy

lame. why risk languishing in equities if you cant get a 500% return... fuck it; ill keep my cash and play in the WSOP.

Thu, 05/27/2010 - 09:20 | 376556 old_turk

WTF???

Dow up 175 in the pre-market hoopla ... what? Bad GDP. Bad. Go sit in the corner. Now!

There ... now can we rally 300 on the open?

Skynet is no fun, the algos want to run ... and the prop desks need some coin for the Hamptons this weekend.

Thu, 05/27/2010 - 09:45 | 376626 AccreditedEYE

This market is seriously flawed. This volatility is as pure of a symptom as we are going to see. And if they are counting on retail to jump in and cash them out they are very mistaken. The rules have changed.

Thu, 05/27/2010 - 09:20 | 376571 papaswamp

Guess they don't want it to shot too high before reality sets in and things crash to the ground.

Thu, 05/27/2010 - 09:20 | 376572 Wynn

http://www.youtube.com/watch?v=9T0DJaX8FEI

nice bill hicks/howard beale youtube

Thu, 05/27/2010 - 09:27 | 376590 Howard_Beale

I do like my speeches.

Thu, 05/27/2010 - 09:27 | 376591 Howard_Beale

I do like my speeches.

Thu, 05/27/2010 - 09:36 | 376620 breezer1

thats easy for you to say howie.

Thu, 05/27/2010 - 09:54 | 376658 philgramm

Bill Hicks---waaaaaaaaay ahead of his time. Thanks for posting this great bit.

Thu, 05/27/2010 - 09:21 | 376574 JohnKing

GS must be on the wrong side of the action.

Thu, 05/27/2010 - 09:44 | 376634 mikla

+1 !

Thu, 05/27/2010 - 09:25 | 376580 Debtless

Shut down the fucking machines already before they kill us all.

Thu, 05/27/2010 - 09:29 | 376599 nmewn

The opportunity, of course, is to set up your short for the weekend.

Just sayin ;-)

Thu, 05/27/2010 - 09:36 | 376619 williambanzai7

Welcome to Skynet:

http://williambanzai7.blogspot.com/2010/05/skynet.html

Thu, 05/27/2010 - 09:44 | 376636 Hephasteus

Where can you buy puts on the market being diagnosed with bi-polar disorder?

And I need a hundred calls on CNBC just saying something bat shit crazy today and tomorrow.

You know the news just told people they are going on nice vacations this year because they didn't go last year and they have money saved up. LOL

The oil futures are going to look like a rape victim next week.

Thu, 05/27/2010 - 09:46 | 376641 AccreditedEYE

+1 lol

Thu, 05/27/2010 - 10:15 | 376714 MilleniumJane

How many times has Rule 48 been invoked in the last month? I haven't been keeping track, but it seems like it's been every 3 working days since the "Fat Finger" debacle.

Thu, 05/27/2010 - 10:33 | 376770 stormsailor

i guess the 30 pt up in the /es is normal. the rest of the markets are responding.

hocus-pocus

Thu, 05/27/2010 - 13:34 | 377226 Grand Supercycle

That ongoing buying support I detected has morphed into a rally...

http://stockmarket618.wordpress.com

http://www.zerohedge.com/forum/latest-market-outlook-1

Rule 48 Invoked As Market Breaks Again, This Time To The Upside

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