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How Two Trades In Half An Hour Make Market Go Boom... And Unboom
What's the point in commenting any more: when two discrete trades manage a nearly 1% cumulative roundtrip move in the entire market, all we can say is "good luck human" - the whale on the other side of "that" trade is far bigger than Bruno Iksil. And good luck when you need liquidity once the selling returns. The discount to the bid will be far, far more than the 5% it cost Knight to unwind its error book to Goldman.
From Nanex:
15,000 eMinis Make Market go Boom
Starting at 11:04:55 and lasting for 3 seconds, approximately 15,000 eMini contracts traded, causing a significant market disruption. At the same time, approximately $100 Million worth of SPY traded.
eMini Depth of book takes a big hit. The area circled shows a sudden drop in liquidity as a result of the sudden trade.
August 10, 2012 is the thick red line, updated to where it goes horizontal.
At 11:26:21, another 8,000 eMini contracts trade in 1 second, sending the market back up. At the same time, approximately $53 Million worth of SPY traded.
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same shit new day
So, if it's a fat finger when the market goes down, what do you call it when the market goes up?
The middle finger
Bruno = Scape, Iksil = Goat.
After doing a thorough analysis using OHLC charts overlaying Elliott wave principle, Fabonacci ratios, momentum rate, the 200 and 50 DMA, and resistance break out trending I have come to the conclusion that the in-depth analyses just preformed is for SHIT because the market is counterfeit!
buy phys. PMs
fuck you banks!!
So the question is, whoever (*cough* *cough*) is "Buying" this market up, how long can they keep it up because without a printer in their basement, no one can keep that up.
Let's see, Knight was able to buy the stocks down without a margin account and got caught simply because the algo ran away. I guess as someone without margin requirements, you can buy the market any way you want.
Elliott [Idiot] Wavers will be along to explain all this in 5...4...3...2...
awesome post, i think you meant fibonacci ratios
yes i did and thanks
Can VIX go negative?
BUY PM's then have a BM when you lose all your money when the gov confiscates your gold.......
BUY phys. frying pans....
A hypothetical answer to your hypothetical post
Don’t buy Phys. PMs and miss the party to the moon
dick
Here is a little story:
A couple decides to try to protect their money by buying hard assets to protect against global monetary debasement. They think that people will always need to eat so they invest in frying pans. When finally the day comes they have stockpiled a garage and basement full of 10,000 frying pans. They open a shop and find there is a problem: everyone that wants a frying pan can't afford gas or electricity to cook with.
So they BARTER, dude!
That is where we are heading for a short time; barter and bullets.
DOES ANYONE NEED AN EXAMPLE OF THE LIMITED ABILITY FOR PEOPLE TODAY TO THINK.... well this is it.temporalist is the poster child.
+1
Everytime I hear about Elliot waves, I throw up just a little in my mouth (whoops...fish taco...see?).
I'm not an Elliot waver... but Jesse Livermore wrote books about the same effect... And I'm amazed at how accurate his method has been lately... 3% correction, then bounce a little, 3% up, then react a little... Every time it hits a 3% move, you watch it to see how it handles 3% level and trade accordingly...
complain all you want about something you don't understand, but when it comes right down to it... it's about whatever it takes to make money...
http://www.aztecura.com/php/data/test.php
just keep looking at the green and red columns on the right... those change back and forth over 3% corrections... (aka waves)
Maybe the HFT algo programmer or Ben Shalom read the same Jesse Livermore books?
Right theres only ever a problem if indexes went down.
Correcting the trade?
Why would they correct the trade?
Is it suddenly illegal to sell 15000 e-mini contracts at the same time?
Put that mutt in the error account son !
Nothing to see hear I just sat on my keyboard move along
Smell my finger.
The Shocker?
+1 Steel Panther reference.
Question is, at WHAT point and, more importantly, WHAT AMOUNT OF MONEY do people start waking up and getting f-ing nervous? I'm still amazed people put $$$ into KCG... without knowing what really happened! Blackstone is not just another tool in the wood shed either... Just. Wow.
People are already waking up. What you are talking about is "momentum," i.e. when does the snowball become an avalanche? Of course, that's hard to say, because it looks like snowball right up to the point that it is an avalanche.
After TVIX broke people were poring money into it looking for a dead cat bounce. As it turned out all they wound up with was a dead cat.
BREAKING NEWS 8/10/12: BERNANKE IN PRIVATE MEETINGS WITH HFT FIRMS TO CONTINUE TO LEVITATE MARKETS UP IN NEW TWIST AWAY FROM OUTRIGHT QE.
Deja poo
Same shit, different day
go go VWAP...go go VWAP...yeah!!!!
http://govttrader.blogspot.com/
Look, guys.
It's very hard to accept that what you have looked at for decades is gone, but it is. There is no longer a market.
Just forget it. Don't have money in it. Ever again. It's all over. It's never going back to what it was.
If you're in the market, you're not trading. You're not investing. You're betting.
Get your money out and buy farmland and find a farmer to sharecrop farm it for you. It's all you can do now.
In short:
"Neo.....there *is* no Market"
I have a friend that is at a county auction right now that is doing exactly what you talk about. This "market" is just a sick joke now.
I accept a barter of your farm labor for my food. We got corn, potatoes, cabbages, carrots, onions, lettuce, peas .. and on the other side of the fence some nice hogs or lambs or beef. Plenty of work around here. Room for cottages also. Water is plenty and the barn parties are fun!
Lots of people will say . . . I don't know how to farm. I spent my life doing other things. I'm not a farmer.
Well, folks, in the post Peak world, farmers don't know how to farm. You are on a level playing field if you're competing. They don't know how to grow without insecticide, fertilizer or tractors, either.
.
Just saw an ad for binary options...thought, "Wow. Me v. HFT...think I'll pass."
POST VIDS OF THIS BULLSHIT PLS! I like to watch (the mess go apeshit).
I wonder when the commentators on TV will start talking in Bit code...111100111001101100011001011100100010010100101
0001110101 0011110011001 100011 1100011000!
That's when.
That's only like a 4.5 on the San Andreas..
but you might want to pay attention to a bunch of them in a row. Hmm..
Delete..double post..because my adhd kicked in.
Ben your finger prints are all over this market.
That was just a small asteroid impact. Wait until the big stuff rains down.
Hey, CD! Great image.
I think the first few words tell the story: What's the point in commenting any more....
The futility of commenting about market futility is becoming......er.....futile?
Exhaustion has settled in. Desperation will soon follow, for both observers and participants. The conclusion to these long period cycles kill everyone not securely strapped in.
Is the asteroid leaving the Earth or impacting it? I cannot decide.
agreed.... "depends on how ya look at it" *snark*
I'm hoping DC was under that.
Am I sick?
Or am I righteous?
Both.
Recognize the unhealthy feedback loop in us all.
If it's smart, it's leaving.
Is that Mrs Cogdis reacting to your purty words?
Mrs Cog is my biggest fan.
<sigh> I love mind control. :>)
She has your mind so controlled that you think she likes your stuff. Uh-huh. Now that's what I call mind control....
So true... and sad that $400 mill is small these days. lol
You really don't need to worry about "the big one". Pretty clearly the NYSE would shut down the market for the day, declare all trades during the day invalid and keep trying to restart until there was an up day...there are no rules anymore.
just a glitch, happens all the time [/matrix]
Yeah, that guy. Get him to buy Spanish bonds ...
That guy? He's my broker.
http://www.youtube.com/watch?v=echAo3hmz3E&feature=youtu.be&t=53s
Good movie.
Almost makes on wonder why - say Iraq - doesn't take a couple hundred billion they have in an offshore account and step in and CRASH this Pig. It is clear that the SEC, CFTC is incapable of tracking such trades as proven by MF Global and others. Of course - I am sure if this were to occur - they would suddenly find a way to track the trades.
Who knows, someday the SEC & CFTC will find who bought all those puts on United & American Airlines, plus the re-insurers. Someday they'll find the vaporized funds of MFG clients.
Yeah, right. The USSA does not have a government. It has a mafia. The markets, the banks, the legal system are rackets, pure and simple.
Send my regards to...
...The Ministry of Wealth.
Maybe it was a "Fat Finger" trade that had to get reversed...
http://www.nanex.net/aqck2/3530/20110101.20120810.avBA.1m.gif
I'll be in my bunk.
i'll tell blythe; it's yer turn, right?
brianSack's newEdsel w. push-button tranny?
Starting at 11:04:55 and lasting for 3 seconds, approximately 15,000 eMini contracts traded, causing a significant market disruption. At the same time, approximately $100 Million worth of SPY traded.
hi brian! zH hearts yer criminal bankster's tools, dude! semper screwed down tight 4evah!
Tell her to take her glass eye out first.
Manchester united's new signing bruno iksil sure has his work cut out to
"This only a test of the emergency PPT. If it had been a real emergency you would have been instructed to go shopping or buy stocks immediately."
OT, but Great God in Heaven! Can it get any worse?
http://gulfnews.com/news/world/man-arrested-for-not-smiling-at-olympics-1.1060050
yes,
http://www.infowars.com/cops-strip-search-mom-forcibly-pull-tampon-out-o...
This is fucking crazy!!!
...officers made an arrest to prevent a possible breach of the peace.
So, pre-crime arrests are now the order of the day. Philip K. Dick would not be amused.
I'm waiting for the markets to stop trading completely when all the algos
finally reach their equilibrium points.
There will be massive oscillations BEFORE equilibrium, my friend. :>D
I bet it was just the new investors of Knight Capital trying out their new computer they just aquired...
Dude, your getting a Dell.
Fucking amazing as I have watched in awe this morning wondering how the fuck do they do this. Eventually like all complex systems there will be a catostrophic failure someday and as we saw with Knight there is no redundancy to or self check to stop the inevitable.
Financial terrorism....probably Knight testing a new algorithm...
I'm going to print these pretty charts on a wall sized canvas. Fling Jamie Dimon's own fecal matter across them and have Sotheby's sell them for millions on the un manipulated fine art market.
That's nasty. They should sell well.
US Banks Told to Make Plans for Preventing Collapse
U.S. regulators directed five of the country’s biggest banks, including Bank of America and Goldman Sachs, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.
The two-year-old program, which has been largely secret until now, is in addition to the “living wills” the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.
Yep - - - HAL is trading now
No, I think it's just R2D2 and Deep Thought at it now.
thanks for the tip, have you seen C3PO?
... HAL replaced AE-35 unit with MSN ... David still thinks he in charge :-P
well at least the SPY volume will look good for the day, maybe that was the goal... when they close it up .05 handles in the last 3 minutes, Maria can say we closed up on the highest volume day of the week, blah blah, lisp lisp...
Where's the failed O-ring?
Fundamentals changed. /s
More death throws. Time is running out to get out folks. The bailing wire, duct tape, chewing gum, and hopium holding this shit together will not last much longer. You know what to do - try not to over think it. Sell paper, buy assets, and keep your powder dry.
This post reminds me of when I was a kid and my brother showed me Santa Claus flying away in the sky.
He pointed to a star and said, "that's him" and with no way to know the difference, I believed and trusted my brother.
I saw Santa Claus that night because my brother showed me a "picture in the sky" and I believed him. I had no other choice.
Do I have a choice here Tyler? Is that Santa Claus?
There is no spoon
I think the people who change the batteries in all the robot traders are all on vacation
-before election
-after election
http://www.theglobeandmail.com/news/world/israel-wants-to-attack-iran-before-us-vote-israeli-report/article4473446/
Just to confirm, the market only goes up right? I wanna put my life savings to work here.
/sarc
My guess is that someone wanted to mess with the algos, an algo wont be armed to hit 15000 minis.
Martians have escaped from area 51 and are paying us back for keeping them imprisioned for all those years
Would the presence of a CME S&P emini dark pool help or hurt ?
With a much larger whale supporting the market, it will be tough for the short seller humans to collapse the market.
"Interesting game, the only winning move is not to play"
http://www.youtube.com/watch?v=NHWjlCaIrQo
are we learning yet......?
For example, if you don't hold it, it's not yours.
We need to get a militia together and take out SKYNET bu attack8ing the microwave emitter towers. Just get a high power and shoot the microwave emitters at certian times of the trading day to disrupt SKYNET. Reuters had the map of the line of microwave towers by company.
Bottomline: for 99.99% of the sheeple regarding the markets - If the Dow Jones is up, ain't nothing wrong. No need to 'investigate" activities of an up market. SkyNet knows this and act accordingly.
Some one help me out here!
Isn't the e-mini tied to the SPY and doesn't the CME use wash trades(ghost trades) to balance..
I have seen 6000 and bigger lots go thur Time and sales charts in off hours and have gone back to retrive the data and it will not be there!
Point is who watches the ghost traders and like congress who knows when that is going to happen.
I could sure figure out how to spend the money I could make knowing when and how much!
PL
Just happened again on a smaller scale, between 13:10 Eastern Time and 13:15, with highest volume at 13:14. Looks like this was pure stop hunting, as we've now blasted back to the 1-min Keltner top (2.0/2) at the game-playing 13:25 (i.e., pre-1:30) decision point. My bet is we blast back up to VWAP by 2:00, but if we don't it will only be because "my algo is bigger than your algo, " and it's clear that, in these low-volume card games, size matters.
Pushing markets higher gets Obama re-elected. Pushing markets higher pushes oil higher - this costs Obama the election.
Now invert the statement.
Press play and enjoy the show folks.
big drop in EUR/USD at exactly the same time. from 1.2314 to 1.2291 in the same 5 minute window.
Whatever man, I'm just taking scalps all day long in this bullshit market. Computers control the whole thing, and really, what is money - it's just moving digits on a screen up and down so I can buy "stuff".
Yes, I see the matrix, and the steak tastes good.
Equity Arb HFT
You see em take it down 5 pts, the entire market that is, and then back up 5. TOO EXACT FOR HUMANS.
fuck it all
BAN HFT's !!!