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...And The Aussie Stock Futures Market Breaks Again, Due To "Glitch"
Yet another global stock market has been halted due to a 'glitch'.
Following notable selling before China's trade surplus printed considerably lower than expected:
- *ASX HAS PLACED ASX 24 MARKET IN HALT UNTIL FURTHER NOTICE
- *ASX: TECHNICAL ISSUE PREVENTING UPDATING OF PRICES FOR SOME
- *ASX SAYS WORKING TO RESOLVE ISSUE IN FUTURES MARKET ASAP
This is not the first time for the ASX and comes just a few months after the New Zealand exchange was halted twice for the same 'technical' reason.
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Completely legitimate. Try harder Tylers.
-1
your troll is getting old...
try harder zirp...
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ill give you a few minutes to come up with something...for i can hear the rusty gears in your head squeaking from here...
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still nothing, huh?
try learning from HARRY WANGER or ROBOTRADER....you can search their work in the search box....that little square thingy to your upper right...
It's a glitch.
The ASX, the global recovery, jobs aplenty, well being of mankind, stewardship of society by the NWO.
It's All Fucking Golden!
Just a glitch in the fabric of society that we'll fix with more taxes, laws and regulation, additional bureaucracy and suppression of speech, thought and freedoms, peasants
selling is glitchy
about 2 years ago the regulator in australia was reviewing high frequency trading, and i actually wrote them saying its a bad idea.
Dickheads gave it the 'all clear', and now.... voila
My advice to you is to start drinking heavily.
Ah, the Good Doctor.....
Hunter would have said today that "It's way too weird. Scary weird."
Wish HST was around to comment on all this.
Unless you can find some opium; or china white. I had a girlfriend once who said that Heroin would be the perfect drug if you could just take it on the weekends. Interesting comment.
CNBC is your speed bitch.
Buy the fucking glitch
It's on like donkey-kong, or donkey-roo.
Big Time.
I shorted gbp/aud into the Tokyo fix,
I did VERY well.
I suggested the USD wasn't that great of a trade.
YC, you seem to be doing well in this crazy market.
I stopped trading forex about the time the currency wars started.
What's your recipe to keep you sanity and make money?
I trade for a living my friend. I don't run a company, but have a lot of "private Equity friends".
I like to see peope WIN. I like underdogs.
So do I. I may someday go back into trading. But for now I'm sitting on the sidelines.
I miss when the market resembled, well, a market.
Good to hear there are individual traders still making money.
Keep winning!
Yen: I am competely the opposite. I commercialize fundamental science to build energy technology companies. Always WAY early on "trades" because I always focus on fundamentals. Anyway, I always appreciate your posts. The internal imbalance within the global economy is completely unsustainable. Looks like China has finally decided it has sufficient physical to effect the change. We will find China with $4T USD ForEx and $ 1.1T UST asking with 10-14K tons of physical is a powerful force to deal with.
I wish we'd just end the games and get about the work of rebuilding this country better than it was before... if we had just a wee bit of courage, we'd realize that the US and Canada still have the highest natural resource per capita and all the knowledge required to be completely self sufficient... We are about to watch globalization run in reverse and it should not frighten us --we are as well positioned as anyone.
Waiting is the hardest part. you're unnaturally smart and things become obvious to you that aren't going to play out for sixx months; I had the same problem. If you have a futures account; don't even try to predict the future; except by watching t he charts; after the price gets completely impossible then it's a 90/10 bet. Like the GBP right now; the price is a joke. they don't even have an economy. And it just popped up after the Scottish Scare; but just have a long time line; months; just be patient. FX will trend for months and make a lot of money. The dollar is going to kill the Pound. but slowly, slowly.
It's really much easier than trying to pick stocks.
I feel this way too, it seems like alot of guys make money betting on events/ earnings calls using options with equities.
do you trade anything else?? (options) ?
Answer yer damn phone Yellen before our market goes walkabout... The order balance is all to the sell side. We need a couple hundred billion in free money so we can prop it up a while longer.
Yes, of course.
Same as staged suicides of level C bankers.
Events all occur within a short period.
"Suicides" were a warning.
Now all these manually caused glitches happening one after another are a warning also
Of course, it will be blamed on the russians.
Where: "technical glitch" = copious amounts of selling at the bid
I haven't seen this many stories posted on ZH on a Saturday night in quite a while.
LOL
Err...Sunday.
Thanks. I was beginning to think I have been drinking *really* too much...
Whatever; we're politically correct and non-judgemental.
I'll take 2.5% and AAA+ any day.
It was a "NO Brainer"
Extreme buying glitches, however, are never halted. The Big Print will prove the point.
Liquidity breaks down.
Unfortunately , they cannot suspend Ebola .
With your paper worthless , you might sonn need the poor mans Hazmat suit .
This has been historically battle proven . It might save some lives
Regards
Andre
xxxxxxx
http://andreswhy.blogspot.com/2011/07/rotting-clothing.html
https://www.academia.edu/8743634/Ancient_Mongolian_Hazmat_Suit
I saw this scenario on Friday.
Yield spreads, in the short term bond market . I learned the game 5-6 years ago. Back when SNB and Bundsbank started hedging 2 year bonds against their F/X reserves.
They needed liquidity and convertability.
Always like your posts Yen. A personal goal of mine is to one day be able to understand what the hell you're talking about.
Me too :)
Remember YC, the AUD sells first, the ASX will get it in the neck. Split between miners and banks, the AUD is truly the share price for Australia i.e bonds spreads etc.
Now the ebola trade is upon us!
I was watching the SPI and was about to trade it in, until I saw the trend of a Vert Ramp rally back of 50pts and decided WTF. Either it was being manipulated or there really was a technical glitched that caused it to ramp like that because people were seeing the wrong prices. Either way, not good.
do you think this may be practice for when the next time down happens, ie according to dow theory, the 3rd wave down (given that this has been a bear market rally- rising stocks and decreasing volume..)
No POMO on Monday, and Tuesday only a measely .85 to 1.05 billion, Wednesday .95 to 1.15, and Thursday a pitiful .15 to .25 - so no QE rally this week. Maybe Draghi will save us.
More "glitches" coming no doubt.
Can't let those markets go down.
Can't let a breeze hit the house of cards...
Looks like re-calibration to me on the backstop AUD.JPY.
Was about ES_F value = 1893.75 with AUD.JPY = 93.500.
Now ES_F value = 1885.00 with AUD.JPY = 93.645 about slowly changing since about 7:00 EDT.
Looks like they can go lower on ES_F with a higher value for AUD.JPY.
Looks like they can go lower on Monday. I'm long yikes.
Unless they're rigging to go higher with AUD.JPY and USD.JPY.
They're changing as I typed last.
they're anticipating bad AUD data tonight and want to stabilize it some