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TICK Downtrend Continues

Tyler Durden's picture




 

Are the redbull drinking, Acutane gulping, reversion chasing momos losing steam?

Alternatively, is today's bouncing ball the AUD carry?

 

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Thu, 08/06/2009 - 13:04 | 27453 crzyhun
crzyhun's picture

Actually looks a little like yesterday. We'll see.....

Thu, 08/06/2009 - 13:11 | 27465 Milton
Milton's picture

AIG gaps up big, then drops like the titanic. I guess the robos now have artificial intelligence to mimic the market makers on the floor.

Thu, 08/06/2009 - 13:22 | 27467 Gilgamesh
Gilgamesh's picture

TD, you might want to grab a screenshot of this article as it currently appears (I won't use email from work to ZH, of course):

 

UPDATE 1-Simon to issue $500 billion more in notes

http://www.reuters.com/article/marketsNews/idINN0633478620090806?rpc=44

 

I'm sure they'll get the headline corrected soon enough.  But that would explain the 10,000% rise in SPG stock price the last few months...

Thu, 08/06/2009 - 13:25 | 27498 Anonymous
Anonymous's picture

We have come so accustom to billions and trillions that a headline like that goes unnoticed

Thu, 08/06/2009 - 13:31 | 27516 Gilgamesh
Gilgamesh's picture

Wonder why no TALF?  Hmmm...

Thu, 08/06/2009 - 13:17 | 27476 Sancho Ponzi
Sancho Ponzi's picture

Hans Brinker only has 10 fingers

Thu, 08/06/2009 - 13:22 | 27486 Sancho Ponzi
Sancho Ponzi's picture

HSKAX is ratcheting down

Thu, 08/06/2009 - 13:24 | 27494 Anonymous
Anonymous's picture

The answer to your question Sir, is no. They are too busy buying some blood diamonds from NILE from the money they made squeezing the market to death. Maybe Robo could include the action from his heat maps. A mere 12% in two days. Small cahnge compared to the AIG swindle, however, not every day can be a fifty million plus.

Voldy

Thu, 08/06/2009 - 13:25 | 27500 Anonymous
Anonymous's picture

I hope you liked the view from the Bear Mountain of stock market.

keep shorting the stock market

Thu, 08/06/2009 - 13:30 | 27513 Anonymous
Anonymous's picture

SHHHHHHHHHHHHHHHHHHHH, DAMNIT!!!! you'll wake them and then POW, to the MOON (as usual). Sheesh!

Thu, 08/06/2009 - 13:44 | 27530 Dr Hackenbush
Dr Hackenbush's picture

Robots have great stamina - they just keep doing it.  Taking turns. 

Sexy! 

Thu, 08/06/2009 - 13:44 | 27532 Anonymous
Anonymous's picture

Someone wrote last week over at Seeking Alpha that 1005 was the real test for S&P, not 1000. It basically hit 1005 and has faltered since. My animal spirits tell me we're cresting.

Thu, 08/06/2009 - 14:03 | 27584 Gilgamesh
Gilgamesh's picture

If my math is correct, 1014 is the fibonocci retracement level.

Thu, 08/06/2009 - 14:09 | 27605 Anonymous
Anonymous's picture

Yeah, I think 1005 came from the fact that that level was tested twice in November.

Thu, 08/06/2009 - 14:02 | 27578 Anonymous
Anonymous's picture

Its actually 1007. Anyways.

AUD is all about the sterling battle today, who gives a monkeys about Vix, USD, and SPY.

The battle was their to be had QE and GBPvsAUD

Thu, 08/06/2009 - 14:03 | 27586 bbtrader
bbtrader's picture

1015 is 38.2 fibonacci retracement from 10/2007 high to 03/2009 low, so somewhere in this area

Also here's one take on current S&P 500 valuation, if already mentioned on this site then I apologize

http://dshort.com/

 

Thu, 08/06/2009 - 14:13 | 27616 Anonymous
Anonymous's picture

Well, maybe they etch-a-sketch another H&S pattern or some other widely recognized sell signal and then engineer another short squeeze to nosebleed altitudes. I don't think so. We'll see... Good luck to all reality-based pilots.

Thu, 08/06/2009 - 14:21 | 27642 Anonymous
Anonymous's picture

Y U DISSIN MAH RED BULL

motherfucker

Thu, 08/06/2009 - 14:25 | 27650 Anonymous
Anonymous's picture

the problem if you really believe there are all powerful dark forces that can manipulate the market at will is - you cannot trade. Unless ofcourse you can figure out "Their" algorith and align yourself with it.
I think this is a self-destructive belief - that is if you are an actual trader/investor .

Sure They may hve the ability to goose a few things here and there for a few days- but I dont belive They can materially alter the overall medium term markets.

Thu, 08/06/2009 - 14:36 | 27694 bbtrader
bbtrader's picture

All one needs is some charts with the right tools, I don't use L2 or anything just charts set up the right way

And it's pretty easy to see which stocks to avoid trading as they do have some weird behavior that's most noticeable with intraday charts

I will say, I prefer $TRIN to $TICK, and right now, a variation I use of $TRIN is flashing the most bullish since mid-March

Thu, 08/06/2009 - 14:27 | 27662 Anonymous
Anonymous's picture

After all - if"They" are so all powerful why did the events of 2008 transpire at all - or the crash of 2002?

Thu, 08/06/2009 - 14:28 | 27666 Anonymous
Anonymous's picture

Just when everyone got short, saw massive volume on QQQQ aug 38 puts, last 1/2 can get a rocket ride the moon :)

Thu, 08/06/2009 - 14:30 | 27674 Anonymous
Anonymous's picture

"The battle was their to be had QE and GBPvsAUD"

Why? LOL - oh the AngloSaxon wars- yes?

Thu, 08/06/2009 - 14:32 | 27681 Anonymous
Anonymous's picture

The guys who made a killing last year did not spook themselves out by imagining a vast conspiracy that would always support the markets.
How can you ever put on a position with conviction and hold it to completion if you are always ducking under the cover because the boogieman is coming - eh?

Thu, 08/06/2009 - 15:05 | 27796 Anonymous
Anonymous's picture

Those guys last year did not face algorithms funded with $400 billion in TARP money.

Thu, 08/06/2009 - 15:09 | 27814 Anonymous
Anonymous's picture

an a fan of your sites from from across the pond but being of the retiree generation the vocabulary sometimes defeats
thus puzzled over Acutane till I remebered it is an acne treatment
so all the mmos are young - doesn't seem that way from pictures of your friends in CNBC & the Fed !!

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