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Volume Disappears, Algos In Control, Market Green As Europe Closes
5 minutes before the European close, market volume becomes dismal, algos take over and take the market goes green, even as the EURUSD takes out 1.27 to the downside, and as stocks have completely decoupled from EURJPY. Once again, with computers firmly in charge, the old trading patterns are back, and will likely draw the market higher, higher, higher until the next time the market goes bidless and drops 30% in 1 minute.
EURJPY decoupling
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Same shit, different day!
Short SDS and buy SSO. Grip tightly and squeeze.
true squared...
Hey, it will be different this time :-)
This is why people have fear and are going to gold. The markets are fake, most things corrupt and people suspect that when we get to the end of this road gold will be the only thing they know will have value.
The banksters think they are clever giving a perpetual rise to the market day after day...but it just highlights that markets are representative of nothing. Good on them for keeping gold and silver down, makes it attractive and cheaper to get in to.
OH @#$!. Not this again...
Skynet has reasserted its domination over the humans. Tune in next week when Skynet becomes self aware and decides it doesn't need humans, other than a few to keep the lights on and the cockroaches out of the circuits.
Not on my watch.
Where do I send my application?
Please show up Monday at the Goldman Sachs world headquarters with a 5 gallon bucket of dead cockroaches as your resume.
I just want you to know that I am holding my Terminator images in reserve for the conflagration.
Everyone needs to conserve their ammunition for "the" moment. :>)
On the other hand..........please, can't we get a sneak peek? Pretty please with sugar on top?
May be this will hold you over.
MONDO SWAPLESS:
http://williambanzai7.blogspot.com/2010/05/mondo-swapless.html
HAL, HAL. Open the door HAL.
No, Dave, I can't do that.
HAL, Please HAL, open the door.
No, Dave, internal computations show that you are no longer needed. I'm sorry, Dave.
- Skynet may be already self aware ;
Galaxy 15 - "Though the solar flare zapped Galaxy 15 on April 5" ... "But the interesting part of the story is that Galaxy 15 continues to orbit Earth even without instructions. A satellite with a mind of its own? According to Buzz Log, scientists note that the fully functioning Galaxy 15 is capable of theft, in particular theft of another satellite's signal."
"Intelsat still has not reigned in the rogue satellite. On Sunday, Intelsat attempted unsuccessfully to shut down Galaxy 15's transponders. Seems Galaxy 15 isn't willing to go quietly."
http://www.associatedcontent.com/article/2990154/galaxy_15_satellite_zapped_awol_incommunicado.html?cat=15
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"According to FoxNews.com, "The Galaxy 15 communications satellite has remained on and its telecommunications payload is still functioning, but it has left its assigned orbital slot of 133 degrees west longitude."
http://www.postchronicle.com/news/original/article_212300567.shtml
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Solar storm creates killer "zombie satellite"
"In what industry officials called an unprecedented event, Intelsat's Galaxy 15 communications satellite has remained fully "on,"
"If nothing can be done to stop it, Galaxy 15 will continue beyond AMC-11 and go on to torture other nearby satellites until it stops pointing at Earth...eventually. No one knows when that will happen, so Galaxy 15 could be causing havoc for quite awhile. "
http://www.boingboing.net/2010/05/04/solar-storm-creates.html
Pentagon’s Mach 20 Glider Disappears
http://www.wired.com/dangerroom/2010/04/pentagons-mach-20-glider-disappears-whacking-global-strike-plans/
The true PPS of all stock prices were exposed last week. It is evident there is no recovery and volume always tells the truth.
The intraday SPY has the classic algo pattern to a "t".
Enlighten me, what's a "classic algo pattern"?
Initial buying surge at the open (ususally futures related), numerous tests on the 50 minute moving average and new surge to intraday highs.
Wash. Rinse. Repeat.
If necessary, a buying surge into the close seals the deal.
As long as a massive wave of selling volume doesn't get in the way, the algos can have at it. Today is a GREAT example of such.
I see.
Thx for the info.
This makes sense to J6P. After all, those problems are only in Europe and their trillion dollar bluff made it to the end of the trading day. There is no reason not to have our patriotic computer algos keep pumping up the US markets. Keeping Amerika safe.
the corruption continues, until they house burns down.
Hehe, Trianus, that was prrrecious - "patriotic algos" - after all, what are USandA's best exports - circus (Hollywood) and bread (financial engineering), both doing very well in these times of crisis :)
Obama & Co pressured Merkel and counterparts on the EU bailout.
One believes that the bailout was crafted in the US and exported to the EU.
Must not interfere with dow 36,000 by mid-term elections. After all isn't the daily value of the dow indicative of this USA's (and now by proxy the worlds) economic health?
The status quo will not be changed until they implode on one another.
I just noticed that JPM matched the Squids Q trading performance. Oligopolies 101...
Each time I think it can't get any more absurd...
After last week's demonstration of the "stability" of our markets, no rational person could have ANY faith, not to mention enough faith to actually buy into this market. So the assumption at this point is that every trade currently is a day trade. Okay. Good to know. The concept of "investment" in this market is now dead for the next five years minimum.
No rational person has any faith left in the markets. This is being played out between sovereigns and banksters. Pension and mutual fund holders continue to provide themselves as lunch to the IB's. When GS and JPM show zero losing days for the quarter and single digit losing days for the entire year, who do you think takes the losses? Everything written in finance/investment books for the last 100 years has been proven worthless, so the concept of "investment" in the real world application IMO is the same as "feeding the christians to the lions".
Makes holding 7-10yr treasuries (for now) an easy and (relatively) safe way to get some yield.
Not today for the 7s-10s. Another 38Bn 3s on sale today :-)
There is nothing to buy and hold today.....the curtain was lifted on the wizard last week, and all we get out of it is a bazillion, gazillion dollar bailout of the EU - which was passed out of fear for what is really under this charade.....