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was waiting for oyu to find out what it was. if you do not know yet, who does?
No0b question: what does "ES" stand for?
E-Mini S&P 500 futures
Click below to see a visual graph of Bankster's dirty needs arranged according to Abraham Maslow's hierarchy of needs: http://thesilvergoldhedge.blogspot.com/2011/05/banksters-dirty-hierarchy...
(futures on the S&P)
Futures contract for S&P 500
It's a good question.
Some Futures Contracts are traded "mini" which is 1/5 the size (and cost) of a full Contract. A Full S&P Contract has quite a large Margin requirement...so Mini is accessable to more folks. ES is a very activly traded Futures ..the Volumns are in fact astounding in a normal trade day! ES is one of favored of Futures Day Traders because of the ability to both enter and exit a position in very short periods of time. This is the symbol of this particular Commodity contract..ES
Excellent description, Gh57.
Best description i've seen so far, Thanks.
Just a little shock and awe to show Bennie boy what will happen.
enjoy and trade accordingly !
should be fun.
I think this is something bigger set for the day. The market has been slow and wet and weak monday and tuesday. I think this means something HMMMMM
I subscribe to the guy from australia and his FFT economic newsletter at http://www.forecastfortomorrow.com that guy has called many big events before they have happend, including the stock market crash in 2008 and the current financial collapse of the US. (currently happening) I found him from a friend last year, and he has some important work.
His oil calls are insane, and I have been making good money with them. He is well worth a look, if you want to keep two steps ahead of the sheeple out there.
I am worried about my financial future. Is anyone else nervous out there?
Stop the spam, dickhead.
I have seen this SPAM so many times now. Fuck off, twat.
"Is anyone else nervous out there?"
Do they actually put that line in a handbook for you stupid fuckers? It sure seems like 5 or 6 hundred of you have used it.
Heard some news about someone buying about 40000 GLD Aug/Sept Calls the investment required was about 50 Million. Any idea who it might be.. and why bet on gold price rise in spite of rising USD... or is there somone with an expectation of USD falling sharply.. which would be in case the debt limit talks are not successful... just wondering...
The time of the FRN is over.. The time of Silverrrrrrr Bitchezzzzzzzz has come..
And this is why I love ZH. Thx all.
12:03 AM Stock index futures are steady at lower levels after a rapid 0.75% drop on rumors a snap election is to be called in Greece.
If you play someone else's game for 10 minutes and don't know who is the patsy, it's quite likely you.
Looks like another "oh my god the hell is breaking lose nothing important" moments.
Exactly... I think a better explanation is that the crazy college interns at 33 Liberty Street forgot to finish their work before they left the office. Gosh darn kids these days...
Raising capital to buy some of that sweet AIG offering tomorrow.
LULZ... anyone stupid enough to bail out the fed, take on their debt, and buy AIG deserves the fist fucking they are begging for. I thought it funny that money.cnn.com has a big expose on gambling, yet nothing about the dumb fucks who are going to shift their pension money into a nearly break even deal for the fed. I would THINK the American people would grow weary of bailing out wall street and it's beloved banks.
It was predicated by the closing of the AH session, and the fact that the S&P broke down today [or rather all but broke down today]. As for that second point, Carter Worth of Oppenheimer has publicly stated that this particular breakdown , after three previous breakdowns [failure to make a new high, short term trend line, medium term trend line] was nothing but good news because of the powerful snap back rally this particular breakdown would produce.
And if you can understand what I just said, which is a summary of what Carter Worth said, then you are a very different person than I.
So...anyway...on to the Plunging and Screaming phase of this phony market then. Hi ho.
Ah yes, Carter "High Net" Worth, of 1313 Mockingbird lane.........
When was the last time he was right? "Pictures of Matchstick Men" now playing on TARGET TV commercial, all is weel, go back to sleep folks.
I love this cover.
It is funny how everyone including me gets either jittery or excited over small moves now.
There seems to be a good amount of fear and worry in the market. The talking heads cant even hide it on cnbc, except rick. I still dont understand why put call ratio doesnt confirm the fear i see in all of us, even mainstream people.
It just seems we cant go down far this soon. Most sheeple i know are still in cash and bonds. Even the zheeple are mostly out of stocks.
Most sheeple i know are still in cash and bonds.
Most sheeple i know are still in cash and bonds.
That is exactly why the criminal syndicate Wall Street bankers are nervous. Almost three years and $5 trillion dollars spent...and the largest rally in market history...and still, Average Joe does not give a shit about the stock market.
You answered your own query.
As for the put/call ratio, give it about 4.7 nanoseconds after the market opens below 1313...and then check your ratio again. 100% electronic.
It is banker panic that brings markets down.
[It is banker panic that brings markets down.]---Quinvarius
No. I expect the serious downward market action will come when banks start eating banks. TBTF vs TBTF.
TBTF becomes TBTR&H - Too Big To Run & Hide.
The hunters will eventually become the hunted.
Those will be fun days for sure.
Yessir! Banker posse forming at the saloon.
Set 'em up barkeep, my men ride tonight!
Dick Fuld's last words.
Cdad, do you have an instant messaging account that you use (frequently or otherwise), there are questions I would like to ask that are not abusive or average run-of-the-mill troll?
One of the shortsight of the current ZH system (which I don't blame Tyler in much less the software underlying) or is there something that I don't know about, in some setting someplace that you can send private messages to other members?
Nope. You'll have to ask your question here. It's a brotherhood. I do not think arranging a private room is necessary.
Understood and respected. I am not in the same caliber that you, CD, Sheepdog, and others that I respect imminently, nor am I a trader by profession. However, I would like to understand some of your comments. You mentioned, ".. three previous breakdowns" in context this means the S&P, am I correct? If so are you referring to: 8/1/10, 6/1/10, 2/1/09 (on average) or is my charting software on the brink or am I missing the picture completely?
I take your comments in the context of '[failure to make a new high, short term trend line, medium term trend line] was nothing but good news'. Yet, but I look in the context of 2/1/09-> onwards on a news trend I don't see things (even with the delusion of the market that's it's "permi-good" out there) that overall things have contextually changed.
So knowing what you know -- and forgetting what I know -- beyond the manipulation in the market.. Why do we still see swings to the downside which are expected, yet every day at 11-3pm EST the market always closes in the green?
Wow. Nevermind. Beyond PTT and the obvious I think I just answered my own question.
Wow. Thanks totally to the obvious anyhow. I'm sure I'm gonna get flamed.
My comments about technical break points came from Cater Worth last night on Fast Money over at the BlowHorn [CNBC]. Failure to make a new S&P high was the first break, and the other two were trend lines that C. Worth drew...each of which was violated. He then went on to suggest that the fourth break would be the jackpot! Uh huh.
As for why the market always snaps back: POMO. And more to the point, the criminal syndicate Wall Street bankers have been training folk for months now to be good lil' dip buyers...which is exactly what the criminal syndicate needs now that POMO is ending...you see.
Anyway, I think you got it all figured out.
.."As for why the market always snaps back: POMO. And more to the point, the criminal syndicate Wall Street bankers have been training folk for months now to be good lil' dip buyers...which is exactly what the criminal syndicate needs now that POMO is ending...you see."
Thank you for leading me down the trail. Wow. I have some reading to do..
The old "triple top" can be a powerful signal.
If you try three times to break through an area but fail, all of the traders on the side that was trying to 'break through' can capitulate and even reverse their positions culminating in a change of market direction.
In simpler terms, three strikes and you're out.
Yup... Often even in the shortest of time scales (ticks), it can be said that there's no such thing as a triple top, or bottom.
Still dropping...off 6.5 now.
Maybe Panetta said, "EKIA"
technical break of important support. It's a technical move.
Some kind of modified flash crash?
Perhaps someone is beta testing their newest flash crash modification to their HFT algo just in time to remind the state AGs that the 5 in 5 billion means 5 not 17.
Its a FLUSHOUT, bang the stops, shut the front door, back the truck up, if it was really The End, don't you think "they" would need the MOST bagholders? Why flush? Get Giddy widit.
It could have something to do with a broken trendline from Aug '10 being broken. Over the last two years most down moves were made to look impulsive and decisive, being sharp aggressive shock and awe affairs that were then aggressively bought...May 6 being the best example. This latest down move looks like a corrective bull flag, maybe to lure some bagholders in before the maelstrom.
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