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S&P Turns Green And Market Unbreaks
Curious why DirectEdge "broke" exactly one hour ago? Simple: to prevent what's left of retail from dumping into the latest momentum plunge:
When EDGX broke, retail got locked out of trading - example in $GLD pic.twitter.com/yiRlRSRQCE
— Eric Scott Hunsader (@nanexllc) October 16, 2014
Sure enough, it succeeded in locking out the weak hands from further dumping, because while it is still legal to sell, why make it illegal if you can just "break" the market itself.
So what happened next? Well, the S&P, after dropping 1.5%, just turned green:
And the punchline: market magically unbreaks as soon as the S&P turned green.
- EDGX: ALL SYSTEMS NOW OPERATING NORMALLY
The most hilarious, ridiculous, rigged market in the world: priceless. For all other E-mini buying needs, there's PPTcard.
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GO QE4 BTFD
Everyone knows the breaks only occur on the way down, not on the way up. Duh!!
Granny to the rescue......hehehehehehehe
Aaaand it's gone. S&P red now.
It was for the sheeple's own benefit.
Saved them from selling.
Coming next; direct 401k depoits into a special "locked box" at the Treasury earning 3%.
Again, for their own benefit.
/This time I meant the Treasury
//Try to keep up.
Oh duh duh duh yuk yuk yuk
You fucking retard
You have to admit this tactic is pure genious. Disable selling when falling. Is this the new norm.
No, you have to admit that you're just another BTFD fucking idiot pom pom puke
GOOOOOOOOOOAAAAAAAAAALLLLLLLLL
GOOOOOOOOOOAAAAAAAAAALLLLLLLLL
It's safe to go back into the water folks!
Dow 20k by election day. Re-elect all incumbants. They have a proven track record. Senators and reps should serve for life since it is scary to go with someone that's never done it before. I remember the first time I voted. Someone proposed a rule, and then they asked those that approved to raise their hands and then after counting they asked those that disapproved to raise their hands. I'm sure it is even more difficult if you need to press a button or something to vote.
Listen.
It's a "REAL" market, it is. Slow grind up for a while. Twirl around the top a little. Quick little dump.
Rinse repeat.
CENTRAL COMMAND intervention to protect important players.
Only sacrificial lambs will be slaughtered
Humans are out.
Market is dead.
Computers are being centrally overriden by NSA at Central Command orders
And that is precisely why world is abandoning financial markets and USD.
Market is dead.
Central command is not a market
If USA defends players X, Y, Z on computers, then other players producing real stuff simply walk out and they are walking out.
...and when trade between nations ends. boom
world chaos as it is occurring right now, manily due to QE
HELLO PROFESSOR
WOULD YOU LIKE TO MAKE A TRADE?
So will they break markets daily?
Whatever retail remains and doesn't sell deserves the ass buggery coming.
Anybody still in on the retail side is hopeless. They are bouncing the market to separate the last of the fools from the last of their money.
Breaks? How? What do you mean "breaks" the market?
This is a good demonstration of why technical analysis doesn't work. You're trying to draw lines to show where investor psychology is going. Those lines don't work if the market is paused at will, shorting is not allowed, or shorting is only allowed on an up tick.
Also, if much of the market action is driven by software these days, and technical analysis is based on "investor psychology", how does one analyze the psychology of a computer program?
My God a Cyborg thief in the night.
Same way you produce a map of any activity of a machine - you look at the inputs (or likely inputs) and the outputs that match (or likely outputs). Then you can figure out what algorithms appear to be in play.
Obviously it's not "investor psychology", it's programmed specs.
Technical analysis always works - the problem is people who refuse to use math, draw meaningless lines without math on random charts and then pretend that's analysis, or technical, when in fact it is neither.
Actual time-series analysis of margin in use, volume of shares, cancelled quotes (Eric Hunsader, Nanex) is actual technical analysis and easily shows when crime is in play.
Considering market-halts & unfilled massive HFT quotes are what NANEX watches for, technical analysis precisely will show up this activity - but only if you're looking for it. You don't find cancelled quotes volume in a price-chart.
The hysteria surrounding a minor correction is quite embarrassing. Too many hooked on the complacency of centrally planned stock prices.
One more rally to blow out the bears and doomsayers and that will be us done. Bond markets shunning France now, Writing on the wall!
Look on the bright side: it's fun while it lasts.
Cool !
But don't whip that PPT thing around in the house...you might poke an eye out !
sounds about right
i think we're in a downtrend, but it will see saw its way down (to keep as many sheeple on board as possible)
The weak hands were only dumping because they had to. The margin clerk called. Bummer that there was no "market" to sell into.
Anyone notice the price spikes in SPY?
Just saw over -$1.50 trade move...
edit to add this is the second time in 30 mins that is spiked down to 184.58...
edit to add just happened a third time spiked down to 184.58... chart looks like it's on stilts
edit again ... that's the fourth time spiked down to 184.58
edit update @ 1:52 PM EST - yet again spiked down to 184.58 ...30 second trading range High of 186.96.
"Bullard Bounce".
Bulltard Bounce
/fixed it
What? Like everyone forgot all the risks during the 'down time'?? Just delayed, folks; just delayed...
http://olduvai.ca
Yesterday....all my troubles. (sorry Fab Four)
I know on ZH we have debated how the markets will crash. Some believe a slow controlled end game. I tend to side with the other side. When this breaks permanently, it will be very quick and likely not in the US session. Just my 2 cents.
ask japan
This is what I have been saying. When the market finally does break it will vaporize in seconds overnight while we are sleeping peacefully.
If they don't let it crash on its own and there is little to no POMO, you may be right. Shit with who owes who what will get so distorted that nobody will be able to settle.
I am in total agreement. One day it will look like all is well which was a ploy for the major players one last chance to get out. US session closes and boom. Perfect example is yesterday. Look at NFLX. Markets close at 3pm central time as netflix is sitting at roughly $446 a share. As soon as the after hours trading starts NFLX loses over $100 bucks a share or 25% in mere seconds. To me thats what will happen.
I we may wake up to a closed market. Get in line to sue for shares they dont have, after 20years you get a settlement agreement in the mail box to a house you lost a decade ago.
It's setup like a thief in the night. None of my money there anymore.
"and the muppets cheered as all was well..."
Tying their own noose....
A good opportunity to escape. Banks say they don't need QE to survive the fall. Unless there is a banking crisis there will be no more QE. QE can pump a market up, but Japan has proven it always goes back down afterwards. Forcefeed the PPT your overpriced garbage.
I like this comment a lot. Shove it right up their asses and run away.
And we are red again Kind of like Neo and Trinity when they caught a brief glimpse of the sun before they plunged into darkness again.
I think an alt-financial site said this morning that there could be volatility today.
Can't recall the name...
This sounds counterintuitive. Retail is dumping, so then the market breaks and locks them out. Then the markets go up and retail is able to sell again? So, the market breaking (in the short term) helped retail sellers? Doesn't manipulation usually hurt retail investors?
I agree, makes no sense. Of course they use that fuzzy language and terminolgy to obscure their meaning. Makes'em sound smart and 'in the know' but in the end, what are they talking about?? ZH, explain your position in plain english!
The usual script: slam gold and silver early...pump up the dx...and grease the skids. Laughable. I love stacking when they hammer the metals!
There are various reasons for this uptick..
One is the plunge protection team, which will have to be followed by more QE, or some other currency, economic destruction, like Abenomics or future Dragonomics...killing currencies and economies and peoples lives to save the dollar and the stock Market..
If not it is just a lull in the slaughter to let more hedge funds go to cash...
Keep in mind sheeple, in any slaughter, the blood is cleaned up and the stalls are hosed down so more of the heard can calmly enter in peace and quiet.
But in the end you will all end up in the butchers shop.
you can count on retail doing what it always does ... ride it all the way down
they'll be scared, worried, and fretful ... but most important ... paralyzed (every uptick will bring a "whew, glad i didn't sell")
Nope, red again. Fed desk needs more ctrl p to fix it again.
225 point swing on the DOW. Thing of beauty...
bah, yesterday was like a 350 point swing. today finishes green. Full Bulltard.
Please don't panic. Just so you know this is not a crisis like 2008 CNN has some info for you LOL
http://money.cnn.com/2014/10/15/investing/stocks-plunge-not-like-2008/in...
Stealth QE4 to infinity!!!!!
Never, ever, underestimate the power of the market elites to change the rules in midstream for their own financial benefit; want proof? Just ask the Hunt Bros. from the late70's silver debacle. Only now we got the ES; easy peezee, just turn access to the electronic machines off while we spike this shit so you can't cover [except at a higher price of course].WTF.
www.traderzoo.mobi
PPT Card turned down my application... They said I never BTFD and I am too bearish.
i'm so suprised
FULL BULLTARD!
Gimme a nice clean break of 1000pts on DOW. I will be eternally grateful;)
Well, I guess it's now quite clear that the Fed is totally, undeniably, and completely in control of everything. I have never seen anything as blatant as Bullard's comments to prop the market up.
BTW, I have a naive question: When the Fed finally does taper and end QE, what happens when they have to turn around and sell these assets for which they've given 100 cents on the dollar? (Like Timmy did for Goldman Sachs with AIG).
For example, let's say the Fed paid a TBTF 100 cents on the dollar for a packaged MBS based on value given to it by the TBTF. Or a securitized batch of sub prime auto loans based on what a TBTF said it's worth. Now what if when the Fed goes to sell them to lighten up its balance sheet, they find that they only get a best offer of 70 cents on the dollar (due to some defaults materializing or whatever).
Basically, what if JP Morgan or Goldman Sachs sold derivatives to the Fed for 100 cents on the dollar and then only has to pay 70 cents to buy it back? Thats a real nice ~30% return for f*cking the taxpayer.
Any comments welcome if I'm off base here.
Dead cat
green? FFS!
Now, if only they would tell us which two counterparties traded a one-lot 1% above the last print.
Look Lenny, if they did that we might see it was really only one counterparty trading with itself.
BTFD! It's a RAMP-A-THON!!!!!
They oh-so-desperately NEED to keep retail buying...
Monday is where it will get interesting I think......
LOL!! But marketz... zey are rigged?
can't let that sheeple 401K money in at true market value, in the first, and third week of the month.
.