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Intraday Volume Observations
When it comes to market internals, one can listen to Bob Pisani telling us that today's upside market move is on heavy volume or one can literally look at the facts.
Today's market volume relative to average trendline:
And last few day's market volume in perspective:
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Do I see a classic throwback inverse head and shoulders in Ag now?
Looks fine on a 20-day vol diff, TD... I think the 5-day will be a bit skewed given what has happened this week (though please feel free to disagree).
Up is up. Down is down. You ever meet anybody that made a living trading volume charts?
Projecting a little more than half to three quarters the volume by the close.
That piss ant Pisani wrote a hit piece on gold today that said there can be no gold standard because there is not enough tonnage to support it. He failed to recognize that there is plenty if the price went up.
Watching the background of the NYSE floor behind Maria and Bill, I see a few people standing around doing JACK SHIT. During days like what we went through in the past week, arent there supposed to be tons of brokers running around screaming, spitting and pushing others around in search of getting the best price out there?? Oh I see, that was in the old wild west, nowadays everything goes on in the matrix...
I always thought that Bob Pisani helped Maria Barteromo put on her make up with Homer's patented Make-up gun.
Damn Tyler I know it's fight club and we are all supposd to live in a shabby house and all, but your following is getting bigger. You need to do something about those servers. We need to be able to get in the house. A contribution is on the way.
Can't even watch tv commentators with markets like this. One day they're saying it's all going to fall apart and the next everything is fine. Make up your fucking mind.
giddy like little girls...doesn't change the fact the US is broke and Euro wonder world is broke. I rather hold PM's and gives me more time to prepare a little more. Just saying.
Sackman dog and pony show. Wonder when they start advertising this on CNBC...
Should test 1200 soon..
Will be nice short opportunity at that level.
Why is it up at all?
When dropped form a high enough distance even a dead cat will bounce. But will a dead fred???
Great more confirmation of what I already knew...The markets can only rally when Bots play ping pong with the same 100 shares and there is no volume. So essentially these prices are all false still correct?
Me and Faz will try to discover that at 1300 a share when all banks are nationalized.
Can anyone share with me why this market is up at all?? Thanks and dont tell me it was that pathetic jobs sham.
If the DOW/S&P are up, before looking for other reasons, check the dollar, which is usually down in that circumstance, as the correlation is quite strong. Treasuries down, yields up on profit taking, not the jobs report. No one gives a fuck about the jobs report.
So wheres the case now for 'QE3' mania if they can have +500 DOW days then theres no problems at all...FED shooting itself in the foot.
volume eh? i got one that goes to 11...
I just keep getting my ass kicked in this insane market. I seem to be jumping on the wrong side each day. Buy into gold, gold goes down. silver? Fuck! Short the Russell? Time to turn everything off and go fishing.
White River in Arkansas....... no better brown trout in the U. S.
http://www.google.com/search?q=white+river+brown+trout&hl=en&safe=off&cl...
sweet would love to hit that river check out Liv2Flyfish podcast.
Black Canyon of the Gunnison is the best for Brownies, in my humble opinion. Can you make the hike, though?
http://americanangler.com/destinations/gunnison-gorgers
Must be using Dead Drifting Crawfish patterns and golden Stoneflies with a smaller dropper like a Caddis or a Little Yellow Stone for nymphin, thats what we are using in the Sierras.
All ya need here is a gold spinner and a fat ole night crawler. Float fishing on the White or Red River is a treat whether you catch anything or not. There are also rainbow and cut-throat in these waters. In certain seasons the water level is lowered for fly fishing and people come from all over the world to angle for the more wily browns.
or Gold panning!
"why this market is up at all?? " Why this Market
was down in the first place? Based on rumors from Europe?
Booyah, Yeap baby..!!!
Depressed people, always lose,
Cause it's unhealthy to concentrate on negative
all the time. Eat this: Dow 14k by year end. Good luck
on doomsday outlook.
Who's your dealer? Seems to be prime stuff.
there is a fundamental difference between being depressed compared to being
in touch with reality . you must be smoking something really good
if you think that spending money you don't have can go on indefinitely
CSCO up 18%, Chambers on crack!!!
Show me any reason equities should be up at all today then I'll entertain talk about 'supports' and channels and all that.
BTW I guess this TOTALY cancels any talk about 'QE3' at all since we can have +500 point up days shows theres no trouble at all.
sell! sell!
Sell AUG vertical GLD bull put spread, while GOLD is down a bit.. 160/155 (for example) Only 8 days left to expiration, and keep the premium IMHO..
btw if donald trump buying BAC and C etc. isn't bearish...i don't know what is...
Bob Pisani always seemed like an arrogant prick to me.
Yes, but Maria looks really fine today, though, don't you think?
In this market, that's one of the few reasons for watching CNBC. Actually, it's one of the great appeals of CNBC since its inception.
Uh, you need to get some trim. If the skunkhead look is your kind of thing, so be it, but there are many other options with less implied volatility than her that one can watch, but perhaps that was also your point.
"Skunkhead"; LOL. Is that a term of endearment
It was Pisani or one of his CNBC cohorts who said yesterday that HFT was not responsible for the wild market swings because the HFT folks always started and ended the day "flat." Excuse me, but I thought the HFT folks were momentum traders who chased the market in either direction which would exaggerate the swings.
MarketWatch is stating nearly 400M volume with an average daily of 190M.
1929 saw huge volitility and massive volume as well.
Why would you take a journalist's analysis of the market? Especially one with zero market experience. CNBS at it's best!
Huge down, huge up, huge down, huge up.... these swings just say that everyone is panicking, everyone is trying to move money in and out of play trying to catch the falling knife.
This happened back in 2008 as well just before the massive crashes started. All it takes is one bit of bad news on the wrong day and it all falls apart. Any statistic coming out now will be manufactured garbage that can be modified later once no one cares. Ride this rollercoaster at your own fucking peril honestly.
Considering that this is a 2008 repeat and the same problems exist (but are now amplified) and the same "tactics" are being used. Just buy gold on the dips, it's going up at least until the problems are fixed (they won't be).
It went down fifty bucks today; does that mean the problems are fixed? At $1650 it'l be real interesting again.
After climbing how much in the last month? They hiked the margins to depress prices... nothing crazy about the $50 drop.
--- nevermind
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