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WTF Chart Of The Day: Pump-And-Dump-And-Pump Edition
Presented with no comment...
US Open pump-and-dump... and then dump-and-pump on POMO
Bonds and FX carry ain't buying it...
In case you were wondering why the S&P 500 futures ramped as they did... and stopped where they did - simple, VWAP!!
And Europe is about to close...
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WTF is exactly the question!
Dead cats all around...
mew?
Spy ATH in 3 2 1......
How about one billion in POMO today?
major defense of the 50 DMA...........
:::: : : :: :::
A months worth of volatility all happening within one day....traders cant even go to the washroom for a shit without something happening, well unless of course youre an algo.
This chart is proof of market manipulation. No news. No logic. Real markets fluctuate gradually. This market is having repeated defribrillator shocks applied.
do TPTB realise that while they are jerking around with this shit, the capital underlying it all is eroding?
THUD!
eeeeeeeaat shit
Shocked they let it down this much!!!
Even this was unnacceptable during Satan Bernake... But looks like Satan Yellen needs little more shorts to Burn...
Where's that cat when you need him?
Dead cat on steroids. WEEEEEEEEE!!
Definitely not on me.
Blame the zombies!
Boyoyoyoyoing!
No worries, the PD Bank's trading desks made money on each gyration. All is well in the land of the plebes.
I wonder how many shorts piled on just so that old Yeller can give them the sharp poker up the rear.
look at U.S steel today. That is the new market. The worse the fucking company the better
It's due to the renaissance in auto manufacturing coming back any day now. Detroit and Pittsburgh are coming back baby! Any day now.... still waiting........
He said steel, not disposable plastic pieces of governmnt shit.
meow bitchez! wait, doesn't a dead cat bounce down. WTF indeed.
Tin foil hat on ..maybe somebody got in a sneak preview of a bullish AA conference call scheduled for after the close.
http://www.bloomberg.com/article/2014-04-01/aNro.Jb23zgs.html
In the new normal tips of pending bullish news would result in big shorting. Given that things are headed up now, that would seem to preface negative news from Alcoa.
"I'm givin it all I can Capt'n!!"
"She's gonna blow skip !"
....how to use the momo algos to close the positions.
short squeeze
Fake and rigged markets aren't rational, nor do they behave normally. Which is why mom and pop should be running away as fast as possible. When you have to ask who the mark is....
They're perfectly rational -- they're manipulated to achieve the Fed's desires.
Once this is realized, everything else (like the 0.01% wealth skyrocketing by front-running the Fed) makes sense.
None of this is about mom and pop, as TPTB have so amply demonstrated they don't care about them. This isn't even about maintaining the status quo, as the 0.01% have also demonstrated. It's about maintaining an illusion of prosperity where none exists.
That's a very good comment seek.
Ta da dump Ta da dump Ta da dump,,,,,,
rabid pumping from 1030-1115. Who leads the charge on these trades? Why? how? It's not HFT that I want to know about as much as I want to know how these systematic swings take place.
It would be a great book, explaining exactly how they do it, what players were involved, where the money chain came from.
I'd venture to guess that absent this "invisible hand", the SP500 would still be below 1,000. Take away margin loans, leverage, rehypothecation, and there is simply no fuel for the stock market as people just don't have more money today than they had 8 years ago - not to the extent to drive markets up from where they were in 2009.
Agreed on all points and observations. I also suspect that when the selling starts it would not stop without this helpful "invisible hand". We would likely have down days of 5 percent plus.
I think it's connected to HFT in the sense that the statistical properties of the market are monitored and reacted to.
Automatic purchases of major index stocks whenever volumes are low to create a gentle push up, and then the timed surges so well documented by ZH that drive the market up as well. When you've got $70B/mo to spend moving markets isn't nearly as rocket science as it is when you've only got pennies.
Right--I would agree that there is some aspect of HFT and algorithms involved. Scary when you think about it and how all the software is bug ridden and incredibly diverse, if you believe the Lewis book.
With guaranteed 401k flows, pomo, and other various pensions timing mechanisms, this will always work.
http://www.zerohedge.com/news/2014-04-08/wtf-chart-day-pump-and-dump-and-pump-edition#comment-4635812
Couple of interesting reads..
http://www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world.html#.U0Qaflea9dA
FINANCIAL TYRANNY: Defeating the Greatest Cover-Up of All Time
Waaay off topic. But the pretty charts reminded me of this tour. Don't know why.
http://en.wikipedia.org/wiki/The_Wall_Live_(concert_tour) Great show.
Help me out here.
I have $11.
I own 10 shares at $1.00. I buy 10 more shares at $1.01. I sell and close all 20 shares at $1.01. How much money do I now have?
/tic
You won 10 cents.
And thus endeth the trick.
You now have $21.10
Now play that game until the guaranteed buying stops. Win, win.
Looketh over there
Right... but what happened to bump?
And trying to pump it again! Usually the second isn't as good as the first.
Did you BTFD
GLD and SLV are up today and will wait till the next dip to add to the stack. :-)
US markets totally ignoring what is happening in Ukraine, the ramp in US futures pulled European Indexes up massively...meanwhile Ukraine looks as though it is about to implode...Ukraine Liveblog: Pro-Russians attack police in Kharkiv, demand the release of 70 separatists arrested last night http://bit.ly/1hcJSoG
It's nothing all that surprising. Markets have been down a shit ton the past few days, and nothing goes up or down in a straight line. The fact that USD/JPY is not moving in tandem is confirmation that there is no reversal.
Merely a spike that should be sold in too.
"Markets have been down a shit ton the past few days". Really? 2.4% from all-time highs is a shit ton?
Who exactly is doing the pumping and dumping? And how is it legal when it happnes so blatantly every day?
Must....Continue.....Illusion....
VWAP say VWAP do! Expecting S&P 500 to hit 1840 then...?
This sucker's rally is interesting. Most people expect it and are looking at their fib levels, buying dips etc. I think they're going to try and run it higher into the close and then pull the rug out in the overnight. That will keep everyone off balance. First they need to drive the SPX over 1853 to get some more squeeze going. We'll see.
I think all of these apply here. No?
Fraud
"I got fucked by the car dealer."
Dismay
"Oh, fuck it."
Trouble
"Hell, I guess I'm fucked now."
Aggression
"Fuck you."
Disgust
"Fuck me."
Confusion
"What the fuck...?"
Difficulty
"I don't understand this fucking business."
Despair
"Fucked again."
Exasperation
"For fuck's sake."
Hostility
"I'm going to knock your fucking head off."
Stupidity
"Barack Obama is a Fuckwad!"
Incompetence
"He's such a fuck-up."
Ignorance
"Fuck if I know."
Displeasure
"What the fuck is going on here?"
Lost
"Where the fuck are we?"
Disbelief
"Unfuckingbelievable!"
Retaliation
"Up your fucking ass."
Surprise
"Well, I'll be fucked."
Suspicion
"What the fuck are you doing?"
Contempt
"Fuck you and the horse you rode in on!
Today, dead cats bouncing...
Tomorrow, dead banksters bouncing....