ES Takes Out Lows On Heavy Volume

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Mon, 08/08/2011 - 10:25 | 1536958 HelluvaEngineer
HelluvaEngineer's picture

Perhaps they mean people are buying SDS?

Mon, 08/08/2011 - 10:28 | 1536971 mayhem_korner
mayhem_korner's picture

People are buying SSRIs.

Mon, 08/08/2011 - 10:48 | 1537080 Ahwooga
Ahwooga's picture

And popping them like tic tacs. Long psychologists and pavement cleaners.

Mon, 08/08/2011 - 10:59 | 1537166 MillionDollarBonus_
MillionDollarBonus_'s picture

I don't care about the returns. I believe it is my duty as an American to buy the S&P. I trust that the courage of our congress will pull us through these hard times and I will be rewarded for my perseverance and for having faith in the values that built this country.

Mon, 08/08/2011 - 11:18 | 1537269 Midwest Prepper
Midwest Prepper's picture

And we shall all ride red white and blue unicorns together!

Mon, 08/08/2011 - 10:25 | 1536959 machineh
machineh's picture

Let's all hold hands and buy some more Latin junk bonds!

We're doin' GREAT!!

Mon, 08/08/2011 - 10:25 | 1536961 John McCloy
John McCloy's picture

Yeah but we are "Off the lows" so please proceed to your nearest Apple store and buy something.

Mon, 08/08/2011 - 10:41 | 1537048 Josh Randall
Josh Randall's picture

Can already hear the spin of "the opening could have been worse" starting to creep in, as in this will shake out weak hands only and true big fish are buyers

Mon, 08/08/2011 - 10:26 | 1536962 JSD
JSD's picture

Buyers are stepping in; there just happens to be more sellers ;)

Mon, 08/08/2011 - 10:31 | 1537000 fuu
fuu's picture

Buyers are stepping in...to the punch.

Mon, 08/08/2011 - 10:42 | 1537052 TruthInSunshine
TruthInSunshine's picture

Bernankincide needs a massive drop and panic in the streets in order to justify QE tomorrow, which will this time include paying for the first car, university tuition (no matter the cost or school), and a bag of expensive iSwag for children of anyone who works for banks or on Wall Street.

Bernankincide will claim that having the Federal Reserve pay for such things with taxpayer money is a great investment in the future of Main Street.

 

Mon, 08/08/2011 - 11:12 | 1537243 ElvisDog
ElvisDog's picture

QE3 will work for a couple of days, but then it will accelerate the decline. To repeat what I wrote yesterday, it's like trying to put out a forest fire by pissing on it. There is no way he can bring enough bond buying to bear fast enough to feed the monster of asset price and debt deflation that is starting to gather speed.

Mon, 08/08/2011 - 10:28 | 1536968 Mae Kadoodie
Mae Kadoodie's picture

Closing time, time for you to go out to the places you will be from.

Mon, 08/08/2011 - 11:17 | 1537264 I Got Worms
I Got Worms's picture

So finish up your whiskey or beer...

Mon, 08/08/2011 - 10:28 | 1536972 jus_lite_reading
jus_lite_reading's picture

CDS buyers bitches!!

The EU is falling apart at the seams and the ECB cant hide it!!!

Mon, 08/08/2011 - 10:28 | 1536974 Seasmoke
Seasmoke's picture

just wait until the last hour of trading , thats going to be ugly

Mon, 08/08/2011 - 10:29 | 1536980 Caveman93
Caveman93's picture

No breaks after 2:30 correct?

Mon, 08/08/2011 - 10:28 | 1536975 Forgiven
Forgiven's picture

People are buying things tht matter.....AK-47s, AR-15s, M1911s, food, grain, batteries, gold, silver...

Mon, 08/08/2011 - 10:30 | 1536991 Doyle Hargraves
Doyle Hargraves's picture

Garands, Mini 14/Mini30, AMMO!

Mon, 08/08/2011 - 10:56 | 1537148 HellFish
HellFish's picture

12GA FTW.

Can brutha get a Tommy Gun!

Mon, 08/08/2011 - 11:18 | 1537273 I Got Worms
I Got Worms's picture

I bought a Mossberg Persuader on Saturday. For quail and dove, of course.

Mon, 08/08/2011 - 10:28 | 1536977 Iriestx
Iriestx's picture

Time for Barry to take that $2.8t he just stole from the tax payers and buy some Apple and Netflix.

Mon, 08/08/2011 - 11:14 | 1537248 ElvisDog
ElvisDog's picture

Time for another press conference where he will be 20 minutes late and use the words "folks", "firefighters", and "green energy" a lot while telling us how great America is.

Mon, 08/08/2011 - 10:28 | 1536978 SheepDog-One
SheepDog-One's picture

Maybe the Clownhorn CNBS meant theres heavy buying of weapons and ammo?

Mon, 08/08/2011 - 10:29 | 1536981 papaswamp
papaswamp's picture

Everyone is going liquid. Dumping paper gold and silver. Watch for panic buying of physical if this continues.

Mon, 08/08/2011 - 10:30 | 1536994 -Michelle-
-Michelle-'s picture

There's no such thing as panic buying of physical. Any buying of physical is right and proper.

Mon, 08/08/2011 - 11:10 | 1537229 Sgt.Sausage
Sgt.Sausage's picture

+1702

 

Mon, 08/08/2011 - 10:29 | 1536986 Everybodys All ...
Everybodys All American's picture

Que up Cramer on the phone ... "I'm not seeing panic selling"

Mon, 08/08/2011 - 10:30 | 1536992 phaesed
phaesed's picture

look at the buy that just went through IEF.

Mon, 08/08/2011 - 10:32 | 1537007 SheepDog-One
SheepDog-One's picture

But I could then say 'Look at the sell that just went thru IEF'

Mon, 08/08/2011 - 10:41 | 1537045 phaesed
phaesed's picture

Check your option premiums. But anyways, I should also mention people thought I was crazy a year and a half ago when I was screaming buy 5 year treasuries :P

Mon, 08/08/2011 - 11:12 | 1537241 d00daa
d00daa's picture

just so i understand, you're buying es here?  or you're just telling everyone else to?  or both?

Mon, 08/08/2011 - 11:03 | 1537195 Translational Lift
Translational Lift's picture

Barton Bbbbbiggs......."I don't know what's going on.........I'm getting out of the way"
Kakakaka.......

Mon, 08/08/2011 - 10:31 | 1536996 etrader
etrader's picture

I thought Cramer said that buyers were coming in ???

Next stop 1101 (38.2) on the SPX

Mon, 08/08/2011 - 10:33 | 1537015 SheepDog-One
SheepDog-One's picture

Maybe Cramer meant Wall St buyers of whores and cocaine were coming in.

Mon, 08/08/2011 - 10:31 | 1537001 AmazingLarry
AmazingLarry's picture

Will 1100 hold?

Mon, 08/08/2011 - 10:43 | 1537056 -Michelle-
-Michelle-'s picture

Will 11,000 hold?

Mon, 08/08/2011 - 10:44 | 1537063 Ms. Erable
Ms. Erable's picture

Today? Most likely. Tomorrow? Maybe. Wednesday? Fuggedaboudit.

Mon, 08/08/2011 - 10:33 | 1537013 baby_BLYTHE
baby_BLYTHE's picture

Gold only up $124 since Bernanke told Ron Paul "Gold is not Money". DJIA has also imploded nearly 2k since then.

Mon, 08/08/2011 - 10:33 | 1537018 SheepDog-One
SheepDog-One's picture

WOOT!

Mon, 08/08/2011 - 10:53 | 1537119 the black arrow
the black arrow's picture

@ baby blythe. Nice, winning!!!!!!!!!!!!

Mon, 08/08/2011 - 10:33 | 1537019 roymunnson
roymunnson's picture

I have never felt so crappy about being right

Mon, 08/08/2011 - 10:50 | 1537091 snowball777
snowball777's picture

This market got Munsoned. ;)

Mon, 08/08/2011 - 10:33 | 1537021 mayhem_korner
mayhem_korner's picture

Sphinx riddle of the day: What kind of intervention can the complex do that won't make things worse?

Mon, 08/08/2011 - 10:34 | 1537022 slaughterer
slaughterer's picture

Pivot PointsTime: 08.08.11 14:28 GMT


Name S3 S2 S1 Pivot Points R1 R2 R3 Classic 1147.19 1154.82 1162.49 1170.12 1177.79 1185.42 1193.09 Fibonacci 1154.82 1160.66 1164.28 1170.12 1175.96 1179.58 1185.42 Camarilla 1165.94 1167.35 1168.75 1170.12 1171.55 1172.96 1174.36 Woodie's 1147.21 1154.83 1162.51 1170.13 1177.81 1185.43 1193.11 DeMark's - - 1166.3 1172.03 1181.6 - - Moving AveragesTime: 08.08.11 14:28 GMT
Name MA5 MA10 MA20 MA50 MA100 MA200 Simple 1166.51
Sell 1169.79
Sell 1174.895
Sell 1191.72
Sell 1223.315
Sell 1260.3995
Sell Exponential 1165.627
Sell 1168.9985
Sell 1174.3742
Sell 1192.6042
Sell 1217.6128
Sell 1247.4122
Sell http://c1308342.cdn.cloudfiles.rackspacecloud.com/technical_studies/curr...) repeat-x;">
Buy: 0 Sell: 12 Moving Averages Summary: STRONG SELL

Technical IndicatorsTime: 08.08.11 14:28 GMT
Name Value Action RSI(14) 37.627 Sell STOCH(9,6) 38.189 Sell STOCHRSI(14) 1.146 Oversold MACD(12,26) -7.9312 Sell ADX(14) 32.129 Sell Williams %R -93.557 Oversold Name Value Action CCI(14) -190.3324 Sell ATR(14) 10.1857 Less Volatility Highs/Lows(14) -10.7571 Sell Ultimate Oscillator 36.618 Sell ROC -1.793 Sell Bull/Bear Power(13) -15.7086 Sell http://c1308342.cdn.cloudfiles.rackspacecloud.com/technical_studies/curr...) repeat-x;">
Buy: 0 Sell: 9 Neutral: 2 Indicators Summary: STRONG SELL
Mon, 08/08/2011 - 10:38 | 1537035 d00daa
d00daa's picture

what the fuck happened to "RISK ON" you pedantic cunt???  more slaughterer longs getting slaughtered.  buy that fucking dip asscheese.

Mon, 08/08/2011 - 10:54 | 1537132 fuu
fuu's picture

You do have a wicked right cross.

Mon, 08/08/2011 - 10:56 | 1537149 slaughterer
slaughterer's picture

ZH: 4  G7: 1

Fed?

Mon, 08/08/2011 - 11:12 | 1537242 snowball777
snowball777's picture

Yes, tomorrow should be interesting, in the Chinese proverb sense of the word,...but will that change anything in nominal terms?

Benny and the Inkjet's only saving grace is that crude got monkeyhammered to run some interference for their inflatable-doll economy, but maybe that'll just make the trip to Eccles more affordable for the angry mob.

Is he gonna buy every muni bond in the US?

How about every sovereign in the Ewwww (because the Reich can't / won't)?

C'mon Slaughty...tell us a bedtime story.

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