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The computer buys the computer sells. Jump in anytime people. Outbid a computer. What a market.
Andy close @ or above 1100?
tough call at this point.
watching womens downhill......yanks going to win 1st ever gold.
unbelievable crashes on this course.
There gonna try to put the hammer rock right on the 1100 crosshairs in the house.
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.
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.
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.
A wise man once said to me that market tops are a process and market bottoms are an event.
Translation: it is hard to shake out the complacency of bullishness. Face it there are a lot more long only types out there who are conditioned to buy the dips than people willing to short markets. It is what it is and you just got to go along with the flow.
Also, I find labeling market action that you don't understand as a "conspiracy" (not that that is what BS is doing) or whatever is only a mental crutch to absolve you from feeling responsibility for your losing trades. Even if there is a grand Federal Reserve/Treasury/Bilderburger/Vampire Squid/Chinese/Whatever conspiracy, you need to adapt or move on to another profession. Complaining about it isn't going to put those losses back in your account (unless you actually are TBTF).
Good luck all (except those trading against me).
Right on, brother...except I wish some good luck to all...you want to be the casino, not the gambler, and the casino needs the gamblers to win enough to keep playing...
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...
Trading mechanically in my trading account; 80% loaded with 1x short ETFs in retirement accounts from 1095. Sleeping well, waiting for the black swan dive. At 1x I can wait a LONG time...but I won't have to. No way we get past Q3 without some event pulling the rug out so that even the Boyz can't dance on it.
Trading mechanically in my trading account; 80% loaded with 1x short ETFs in retirement accounts from 1095. Sleeping well, waiting for the black swan dive. At 1x I can wait a LONG time...but I won't have to. No way we get past Q3 without some event pulling the rug out so that even the Boyz can't dance on it.
Schizophrenic market is schizophrenic.
This is "unprecedented", I'm sure.
Thinner than Ally Mcbeal.
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.
"There are no markets anymore. Only interventions."--Chris Powell.
+1
Free market FAIL.
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...
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
I would love to see Brooksley Born as Treasury Secretary. She would be a real pain in the ass for Ben.
11 yrs. ago !!!
Thanks for the find ... interesting that the Administration is 'talking' a lot but 'acting' little
can some enlighten me and explain what the indicator "accu. vol. diff" plot?
-619*10^3. what is this number?
thanks
If the volume keeps dropping this market is going to soar!
Maybe they'll pass a "can't buy except on an uptick" rule. That'd put a little more lift under this baby.
Can only buy on uptick? Interesting proposal. How would that work?
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!
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.
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.
She got the vapas!
this looks like it's going to drop soon
Doesn't that mean the patient is dead?
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!
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.....
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.
The fed own the market. They are designing a market that only goes up. The Fed is sending a message to all shorts.... If you are a short, were going to eat to eat your lunch for ya.
Oh, it'll be back up again... AFTER March.
It's not finished correcting yet, so don't fret.
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.
Forgive me, but could I impose on someone to explain the accum vol diff indicator and how it should be interpreted (a link to such an explanation would of course be fine and easier for them)? Thanks.
Thanks for posting these charts TD. Those of us who don't know where to get these types of charts really appreciate it.
Bloomberg machine.. :)
stockcharts.com > public chart lists > take your pic
My favorite charts are from the Smart Trader. That guy's a freakin genius...
+1
Maybe they should move Mad Money to 3 PM EST? Then we could get the Jim Cramer BooYaa cheerleading effect for the final hour push higher. (Remember all recommendations made by Jim ......)
Whats happening to Gold after 16.30? 1% drop in the after hours, has someone heard of something before everyone and selling off?
IMF pretending they're selling gold.
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.
Weak volume rally is bearish
Dow 5000 or 15000?
it like trading against one of these robots
http://singularityhub.com/2010/02/17/lego-robot-solves-any-rubiks-cube-i...
so the TERMINATOR movie is coming true.......machines will be used to beat us humans everywhere....from markets to wars.....
The MATRIX is real ...wake up people...
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.
Don't expect a pullback till Monday. OpEx, so you know they will try and gun down the shorts for the 10th straight month.
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
I just save my money in gold and silver over the years.
Never lost one dime only going up and up.Everey time I
see the price drop I thank the paper idiots and buy more.
I think in a few years I will trade it for a nice house
or small farm (debt free!!)It feels just like alchemy to
trade paper for gold.Not buying now because gold just made
a all time high in euros!!(I'm Dutch).
Good luck
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