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Will Markets continue the Sell Off as we put in big reversals yesterday?
Low volume, no trend action in early European trading. The US markets reversed big time yesterday. At one point we saw a “mini panic” sell off. Broken markets, mainly driven by manipulation, intervention and HFT, are dangerous markets. We believe the sharp rally seen over the past days, with yesterday’s reversal, is the first sign in several weeks, of bulls getting less confident. Possible scenario presented below. SPX short and long term charts presented. We still belive the 08/11 comparison is valid, check it here.
and Longer Term Chart
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Am I the only one who thinks since everyone expects the Euro fudge to dissapoint the markets,tptb will make sure both the Euro and the markets soar after the can is preverbially kicked again, just to prove that the system is "O.K"?
I personally am convinced they will,JCT is history now,and his successor Mario Braghi is an ex Goldmanite,the whole thing stinks if you ask me.
Can't see the end of the chart because the f&$#@*!!! ads are in the way.
Click on "Printer Friendly Verson" below the article to read without the ads.
You're welcome.
Thanks.
But I don't know why the Tylers don't just move all that crap on the right side of the screen that is ALWAYS interfering with attached charts down below the articles --- it's not like any of it would be in the way of posted comments anyway. This has been a VERY annoying feature of the ZeroHedge website for as long as I have been visiting it --- very poor website design, IMHO.
It's the same for me, and that is a highly annoying feature of ZeroHedge.
GET THE FUCKING ADS OUT OF THE WAY OF THE CHARTS!
Just for info, on a 22-inch screen, the ads are a couple of inches away from the charts.
sigh...
I wish people would format their desktop snapshots.
Nice pump & dump today - or we'd already be down triple digits.
Central planning at its finest.
Covered my S&P500 Short today at 1232.38; short from 1234 on Friday. I don't see the price action to justify the short and I don't choose to take a loss on the position. I read the spike on Friday as unsustainable and that's why I shorted it; but the markets pretty comfy around these levels.
Then put in a trailing stop loss in your trade station to track it. Besides we're at the all time low of Short interest which means it's time to go short. Like the last ten times this year.
Seriously, why do people fly without a net?
Going through the close with a stop loss is worthless. Market opens up or down over 100 handles the next morning and you're screwed. Been there. Remember BSC? I had a loose stop on a stock I'd held for months...got taken to the nearest cleaners when it dropped to 2 buckaroos over a weekend. This is a day trade market with very occasional swings. No stops. Watch and be ready to back out ASAP.
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Will Markets continue the Sell Off as we put in big reversals yesterday?"
Well, it looks like the market open says.....No (up 127 as I type).
But, the day is young, and the hopium injection wears off right at about 10:30 when no word comes from the EuroZone. Market may go flat by then, I can't tell as the maid didn't polish my crystal ball and I am peering through a smudge.
Edit - noontime here. No surprises, Hopium wears off, selloff ensues. Almost flat now, a perfect spot to start the afternoon no-volume melt-up from. Day end prediction still kinda fuzzy, but I think that it will be green about 50 plus on the Dow. (didn't want to reply to my own post, kinda trolly-tacky, I gather).
ByRobert Holmes, Senior Writer , On Wednesday October 26, 2011, 7:00 am EDTBOSTON (TheStreet) -- The U.S. stock market has risen almost 10% so far in October, one of the best monthly performances in two decades. But investors in companies including Netflix and First Solar have been left out of the rally.
Those are called momentum, or momo, stocks, which refers to companies that rise for intangible reasons, not for their fundamentals. Before this month, they outperformed the broader market since the March 2009 bottom. But as earnings growth expectations have been reined in due to fears of the debt crisis in Europe and a slowdown in emerging markets, some high-flier stocks have been decimated.
The Street
Oh my, the ZH Sheeple are begging the Dear Leader for something, anything to make them feel better. "Please tell us Dear Leader that the world is near the end!"
But still, the world turns, the sun rises and market does as the Fed commands.
Maybe the ZH Sheeple will one day turn on the Tyler Durdens and find a new Dear Leader. Might I suggest Jim Crammer? He is the opposite extreme of your current Dear Leader and quite frankly, just as accurate.
No necesitamos no mas No Mas.
You sure that after spending USD XX Xillions the markets are where the FED would like?
Oh yes..., that is as Obama jobs programs... "created or saved"
Fuck You No Mas. My comment above is so this guy does not turn into a asshole like you and Prechter.
The difference is Tyler reports facts and news that you, (as a Troll), do Not like Reported.
Zero Hedge Rocks. .........You: No Mas Suck the ass.
Are You trying to be as bad as Scumbag Robert Prechter's EWI.
Robert Prechter's ponzi scam site is available for learning how to Fail.
Why another reversal of course...about the 40th day in a row...
I want this thing to crash. Only when the lobbyists/corps lose their values through cash and stock earnings, which will create social choas, will the pols MAYBE start listening to the people.
Plus, I need a good laugh.
There are definately fewer and fewer players of the market imo. Therefore much easier to influence market outcomes.
As long as there is continued talk of QE^x and analogous European currency debasement, no one wants fiat. Commodities, stocks, anything but cash. There can't be significant price drops in these conditions.
Its VERY hard not to be cynical to the extreme with markets , aka algos , aka political pervarication , Wall St cheats . Just knowing the Boys will all come out smelling like roses . This is no doubt the impetus for OWS . There appears no hope. So far we are on a short time line , and things take time . 4th turning ?
No, that is no allowed and algos could give a shit. Time to bring back more human traders and at least solve the unemployment problem.
I am hoping for a major sell off. I think it will be a good signal to politicians to get serious. Noone can live with this uncertainty much longer. A sharp major selloff would force players to commit to something
Today we finally got to the point on the chart for the final and largest part of my FTSE short to go on - which looked until about 45 minutes ago to have been perfect!
If we were in a rally driven by conviction that the printers were about to go into complete overdrive, I would expect oil to behaving a lot differently. Its lack of bid was for me the final confirmation that the trigger had to be pulled.
My stops are uncomfortably tight to where we are right now, so I could easily be on the right track and get taken out anyway.
there is no1 left to sell, only algos to buy....
lets pass earning season and reporting and then we start the down dance