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Short at close, cover into the morning, BTFD from noonish onward. All is well, all is well..
We've seen our ramp for today.
Ahh this "market" screams SELLLLOOOFFFFFF, dont know what "they" are waiting for, maybe some FEDster DOUGH:))))?!?!
Nice profits in ES for EURO investors. ES up EUR down. Europe going down the drain.
Yeah, I'm getting ready to watch the 3:30 vapor ramp as I write this. What a fucking predictable joke this is.
Oh yeah..and oil is about to hit $100 a barrel heading into christmas.
I'm giving a barrel of oil to everyone on my Christmas list. Makes a lovely, useful gift for $100. However wrapping them may require some help from a strong neighbor.
oh look the euro down .5% and market up, fk bs. once euro green, 150+
The market is not up until Tyler confirms its up. I think he just confirmed it.
Just when you think you've seen it all. No volume ramp started at 11:30 today and has been as if one lone trader runs the market.
His name is Ben.
Bloomberg Radio reporting that the ramp up is because Mario Monti will have a meeting Wednesday morning and Italy will be fine.
Of course it was Ben and the Fed along with Mr Blankfein. Goldman's computers request a large lump sum from the Fed on preconfigured headlines to plug directly into the Algo market ramp program and voila, 1% market jump within minutes.
You can tell when this happens because the market has insane jumps and then shows a weird flat top mountain configuration on the chart. The chart will then jump up again or head down with the same pattern repeating over an over. Only a computer program can create a pattern like that over and over again day after day.
"One Lone Trader" ... or "Heavily Financed Tech" ... known as completely unecumbered computers trading without regard to equity requirements or fees and expenses and no fear of loss as that would effectively be socialized, eventually!
With that kind of power, I could make the market move by myself as well!!
These days you don't have to look at the clock to know when it's 3:00.
LOL- yeah, makes perfect sense for stocks to rally with European credit about to shut down........
But the story is:
Things bad - more money printing - higher stock/asset prices
Things good - higher stock/asset prices.
Have you not been paying attention to MSNBC????
Soon there will be no non-government participants in equity markets, and the Dow will simply be an indicator of the willingness of the political-parasite class to set fire to huge amounts of money so that they can make their tiny cocks a bit less flaccid for a fleeting second (before dining on Iraqi Baby à la Cheney... raw and bloody, still screaming).
I'm shorting this shit now - selling DJ30 at 12110.
So other people are in control of the market, love to rip peoples' faces off at every chance, and you're getting short?
Sure - INTRADAY, Holmes. Took half off at 12075 (see below in thread) and will ride the rest and see how it closes.
Also... my contrarianism runs deep: I shorted Gold the other day at 1793, covered half at 1758, and have been scalp-selling overbought with the closed half for a few days now.... it's all in the threads here.
The thing about Kim-Jong-Il style markets - as the US has had for several years now - is that there are genuine constraints on how much scratch the PPT can chuck around. They DON'T have a bottomless bucket, and once they take their foot off any instrument, you can smell it a mile off.
Might cover the other half of the DJ30 short at 12050 if I can.
UPDATE 8:13 AM Strayan time: I just covered the second half at 12050, and then watched it shed abouther 15 points in five seconds.
PS Bernanke can go fuck his Fleshlight.
Um, who is buying US debt since the Fed backed off in June? Asia and OPEC can recycle their trade surplus....but what about the rest??? Oh, wait, maybe it is the central bank of Libya. Or perhaps Unicorns?
Market has only been down 2 days in a row once in the last 7 weeks. todays early downside momo was immediately reversed at the trendline and that continued all day. up is the path of least resistance now. this consolidation is a continuation pattern of the ramp from October. tomorrow it breaks out higher.
Ever heard of the PPT?
They work closely with the MDT (monetary debasement team).
Isn't that a old internet protocol to get those 56K modems to work back in the days?
You know, TUUUT TUUUT TUUUT, KKRRRRRK RRRRRKKKK KKKRRRRR TUUUT TTUUUUUT....
of course, and that is why i think higher. moral hazard in full swing when the ppt power reverses every down move. but it better happen all in one day, because by day 2 , it's going back up.
yeah looks like even with the cattle-prod up his ass, they may fall short of 12179 of 11/11 and 12187 of 11/8 from which the crash occurred) can't wait to see tomorrow...........snark
Will credit lead equity again? :munches popcorn:
Market is up on rumors that the Mongolian Sovereign Wealth Fund may invest $500 dollars in EFSF. EFSF is going to leverage that $500 dollars into $100 Billion for 2,000,000x leverage. Buy, Buy, Buy!!!!!
The EU eats at the local Mongolian Grill every Monday and they ran across some fool there.
No worries...Europe is fixed per AP:
Prime Minister-designate Mario Monti of Italy said Tuesday he is ready to present his new government to the president after winning wide backing — and important pledges of sacrifices — from political, business and union leaders during two days of intense consultations.
So a collection of the most corrupt people in Italy (political, business and union leaders) are backing the Full Monti....
Expect a non-sensical useless market until the day you awake and see futures down 700 pts...then you will know this f**ing game is over...until then expect to end up +75 pt everyday until the wheels truly and unrecoverably fall off...
nice "conviction sell" finish.
Took half position off at 12075... BErnanke and his fellow-trvellers can suck my balls.
Obvious EURUSD week long "head and shoulders" just completed.
The week of expirations has had historically the strongest return of the month. The trend is a ramp early in the week and trade flat into Friday. That is what we are seeing. Since today was only somewhat successfull, we should see another attempt tomorrow. Note that today's ramp happened around noon, well after the European markets closed....so no more bad news possible. This is just a game.
Robots hard at work on the triangle pattern. Doesn't matter what anything else is doing.
Wouldn't be surprised if it fails since its all over the blogosphere.
This sounds more like addicts hoping to score more drugs. The Fiat Addiction is taking it's toll. The withdrawal symptoms have been desperate, lately.
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