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Same...Volume... Different Day

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Wed, 02/17/2010 - 15:56 | Link to Comment Hephasteus
Hephasteus's picture

The computer buys the computer sells. Jump in anytime people. Outbid a computer. What a market.

Wed, 02/17/2010 - 16:08 | Link to Comment lizzy36
lizzy36's picture

Andy close @ or above 1100?

Wed, 02/17/2010 - 16:43 | Link to Comment lizzy36
lizzy36's picture

tough call at this point. 

watching womens downhill......yanks going to win 1st ever gold. 

unbelievable crashes on this course.

Wed, 02/17/2010 - 16:57 | Link to Comment ptoemmes
ptoemmes's picture

There gonna try to put the hammer rock right on the 1100 crosshairs in the house.

Wed, 02/17/2010 - 17:11 | Link to Comment deadhead
deadhead's picture

i think ptoemmes is correct....Thurs and Fri could run just like today through friday bell.  i think we get a gap up tomorrow in a feeble attempt to get close to the 1110 61.8 fib level then it is south of the border.

 

 

Wed, 02/17/2010 - 16:10 | Link to Comment BS Inc.
BS Inc.'s picture

But that's what's so frustrating if you're trying to short equities. Every correlation breaks just in the nick of time to save the market. If the Euro correlation had held, the market would be much lower, not just today, but over the past few months.

One by one, the alleged "props" of the bull market thesis get taken out, yet the market marches on, with nary a real drop. Doesn't take a Sherlock Holmes to deduce something fishy is going on. I think Biderman is right, it has to be a buyer Trim Tabs doesn't track.

Wed, 02/17/2010 - 21:18 | Link to Comment Master Bates
Master Bates's picture

It's called technicals.

The markets were grossly oversold, and then they corrected to where they weren't oversold anymore.

Now they're almost overbought again, just in time to meet required fib retracements.
Don't worry, you'll get your downtrend soon enough.

Thu, 02/18/2010 - 14:04 | Link to Comment Anonymous
Thu, 02/18/2010 - 17:43 | Link to Comment Anonymous
Wed, 02/17/2010 - 17:34 | Link to Comment Budd Fox
Budd Fox's picture

Ya tell me ?? I have a short term position in something so volatile as USD/KIWI and i am long USD, as I believe risk will be vomited out sooner than later...I took so much flak in the office for a 1 figure bounce back of the KIWI i spent the whole nite doing something i NEVER do...watching constantly the bloody screen!!

The CAPM is dead long ago...the bloody fekkin market is fractal and this involves elevations to power...in street talk means you just cannot handle the volatility...it just wipes you out!!

Time to find another occupation...

Thu, 02/18/2010 - 00:01 | Link to Comment Anonymous
Thu, 02/18/2010 - 00:02 | Link to Comment Anonymous
Wed, 02/17/2010 - 18:49 | Link to Comment Hephasteus
Hephasteus's picture

Schizophrenic market is schizophrenic.

Wed, 02/17/2010 - 16:02 | Link to Comment BS Inc.
BS Inc.'s picture

This is "unprecedented", I'm sure.

Wed, 02/17/2010 - 16:10 | Link to Comment BlackBeard
BlackBeard's picture

Thinner than Ally Mcbeal.

Wed, 02/17/2010 - 16:10 | Link to Comment John McCloy
John McCloy's picture

How about when sentiment gets over the hill and goes bearish? It will be entertaining to see bulls squirm as the low volume brings the inverse and trends lower on air.

Wed, 02/17/2010 - 16:10 | Link to Comment truont
truont's picture

"There are no markets anymore.  Only interventions."--Chris Powell.

Wed, 02/17/2010 - 16:34 | Link to Comment carbonmutant
carbonmutant's picture

 +1

Wed, 02/17/2010 - 17:08 | Link to Comment Cistercian
Cistercian's picture

 Free market FAIL.

Wed, 02/17/2010 - 16:16 | Link to Comment Going Down
Going Down's picture

 

Why Not Catch A Video?

 

Brooksley Born in "The Warning" brought to you by Frontline.

 

http://www.pbs.org/wgbh/pages/frontline/warning/view/?utm_campaign=viewp...

 

Wed, 02/17/2010 - 16:31 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The story of the woman who stood up to the three headed giant that was summers greenspan and rubin is not only entertaining, it is a warning. they spoke of derivatives as though they came and went, in frontline last night. they are hovering over our heads like an atom bomb.

Brook Sly Born for President

Wed, 02/17/2010 - 17:03 | Link to Comment assumptionblindness
assumptionblindness's picture

I would love to see Brooksley Born as Treasury Secretary.  She would be a real pain in the ass for Ben.

Thu, 02/18/2010 - 03:44 | Link to Comment Rick64
Rick64's picture

11 yrs. ago !!!

Wed, 02/17/2010 - 17:36 | Link to Comment Bear
Bear's picture

Thanks for the find ... interesting that the Administration is 'talking' a lot but 'acting' little

Wed, 02/17/2010 - 16:20 | Link to Comment Anonymous
Wed, 02/17/2010 - 16:26 | Link to Comment buzzsaw99
buzzsaw99's picture

If the volume keeps dropping this market is going to soar!

Wed, 02/17/2010 - 16:28 | Link to Comment BS Inc.
BS Inc.'s picture

Maybe they'll pass a "can't buy except on an uptick" rule. That'd put a little more lift under this baby.

Wed, 02/17/2010 - 16:38 | Link to Comment Anonymous
Wed, 02/17/2010 - 20:00 | Link to Comment BS Inc.
BS Inc.'s picture

Don't know. Just trying to think of the most absurd possible regulation to make the market go up and that's what came to mind!

Wed, 02/17/2010 - 16:38 | Link to Comment John McCloy
John McCloy's picture

Hey lets make all long positions a mandatory 30 day holding period that can only be purchased on .10 cent ticks upward. All those interested in shorting shares of stock need to apply for a shorting license in person at their local Department of State and place the equivalent of 50% of their short position in depository bond.

Wed, 02/17/2010 - 16:30 | Link to Comment obewon
obewon's picture

The FED, and their agents JPM and GS, are masters at this game!

As long as there is no US crisis, and  "no panic" moves (i.e massive exodus from stocks), they can continue to control this market through the summer.

Wed, 02/17/2010 - 16:32 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

She got the vapas!

Wed, 02/17/2010 - 16:43 | Link to Comment Anonymous
Wed, 02/17/2010 - 16:48 | Link to Comment Segestan
Segestan's picture

Doesn't that mean the patient is dead?

Wed, 02/17/2010 - 16:49 | Link to Comment girl money
girl money's picture

betcha can't guess what's on the top of the selling on strength list today.

http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html?mod=mdc_leader

yup, SPY.

in robot voice:  but...s&p.... must...close...over... 1100... brrrrrt...ding!

 

 

 

Wed, 02/17/2010 - 17:07 | Link to Comment deadhead
deadhead's picture

girl...i've yet to see any correlation in the past year between that list (or buying on weakness) and what happens next day....just saying.....

Wed, 02/17/2010 - 16:52 | Link to Comment Not A Pundit
Not A Pundit's picture

Yes.... and notice the volume pattern.  It's slowly working it's way towards what the volume looked like on the 4th and 5th.  Just wait until the computers hit that event when they stop buying.  Don't know when that will be, but it will again be brutal.

Wed, 02/17/2010 - 16:52 | Link to Comment Anonymous
Wed, 02/17/2010 - 21:20 | Link to Comment Master Bates
Master Bates's picture

Oh, it'll be back up again... AFTER March.

It's not finished correcting yet, so don't fret.

Wed, 02/17/2010 - 16:56 | Link to Comment Gimp
Gimp's picture

Great Frontline piece last night, the people running the hidden markets, or shall we dare say "ponzi" pulled all the political might they could to silence poor Brooksley Born who was just doing her job (something unheard of in DC). 

Sad of course that Summers and Tiny Tim are now the economic advisors to the new administration. WTF.

 

Wed, 02/17/2010 - 16:58 | Link to Comment Anonymous
Wed, 02/17/2010 - 17:00 | Link to Comment Bear_Cub
Bear_Cub's picture

Thanks for posting these charts TD. Those of us who don't know where to get these types of charts really appreciate it.

Wed, 02/17/2010 - 17:26 | Link to Comment Anonymous
Wed, 02/17/2010 - 21:16 | Link to Comment Master Bates
Master Bates's picture

stockcharts.com > public chart lists > take your pic

My favorite charts are from the Smart Trader.  That guy's a freakin genius...

Thu, 02/18/2010 - 08:10 | Link to Comment Anonymous
Wed, 02/17/2010 - 17:45 | Link to Comment Anonymous
Wed, 02/17/2010 - 17:49 | Link to Comment macroeconomist
macroeconomist's picture

Whats happening to Gold after 16.30? 1% drop in the after hours, has someone heard of something before everyone and selling off?

Wed, 02/17/2010 - 19:59 | Link to Comment faustian bargain
faustian bargain's picture

IMF pretending they're selling gold.

Thu, 02/18/2010 - 14:57 | Link to Comment Hephasteus
Hephasteus's picture

This time they are pretending harder.

Don't make them go full blown over the top drama queen pretense levels. Cause they'll DO IT.

Wed, 02/17/2010 - 21:23 | Link to Comment RiskFreeT
RiskFreeT's picture

Weak volume rally is bearish

Dow 5000 or 15000?

Wed, 02/17/2010 - 20:36 | Link to Comment Anonymous
Thu, 02/18/2010 - 08:13 | Link to Comment Anonymous
Wed, 02/17/2010 - 21:15 | Link to Comment Master Bates
Master Bates's picture

Look, the technicals had this coming.  In fact, it should get up a little bit higher before flying south for the winter, but not much.

It's just clearing out the oversold condition in STO so it can head back down again.  Don't worry.

Wed, 02/17/2010 - 21:34 | Link to Comment rhinotrader
rhinotrader's picture

Don't expect a pullback till Monday. OpEx, so you know they will try and gun down the shorts for the 10th straight month.

Wed, 02/17/2010 - 23:40 | Link to Comment Grand Supercycle
Grand Supercycle's picture

 

The impending dollar rally that I warned about from mid 2009 onwards has only just started.

USD Index daily and weekly charts remain bullish.

Vice versa for the EURO and DOW/SP00.

http://www.zerohedge.com/forum/market-outlook-0

Thu, 02/18/2010 - 08:28 | Link to Comment Anonymous
Mon, 04/19/2010 - 08:34 | Link to Comment Tom123456
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