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Kneejerk Squared

Tyler Durden's picture




 

Do not attempt this at home kids

 

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Fri, 08/26/2011 - 10:43 | 1604124 mynhair
mynhair's picture

Bear trap?

Fri, 08/26/2011 - 10:47 | 1604146 augie
augie's picture

more like a riddle wraped in an inigma and ganished with a monty python plot. 

Fri, 08/26/2011 - 10:53 | 1604154 TheTmfreak
TheTmfreak's picture

Now can I say Very Bullish without getting thumbs downs?

Edit: Let the Thumbs Up/Down battle begin.

Fri, 08/26/2011 - 11:03 | 1604252 Bring the Gold
Bring the Gold's picture

Little known fact Bernanke is also dope on ze mic!

 

http://www.youtube.com/watch?v=AFA-rOls8YA

Fri, 08/26/2011 - 11:15 | 1604300 TheTmfreak
TheTmfreak's picture

Thank you very much for posting this. I am watching all of these videos. I really dislike rap or hip hop, and generally don't like parody songs, but this shit is solid creative gold.

Fri, 08/26/2011 - 10:49 | 1604163 moldygoat
moldygoat's picture

Here come the machines. Joey lunch pail will take a look at the markets about now, after Starbucks, WSJ and tuggin' one out in the company WC thinking about the receptionist, and feel good about their portfolio going into the weekend, then BOOM, blackson hole monday!

 

I hope.

Fri, 08/26/2011 - 10:58 | 1604220 moldygoat
moldygoat's picture

Ooops, sorry, I made a mistake. Its the fundamentals that are good, "Tiffany beat and raised guidence"

I forgot about "the affluent consumer" saving the day.

Fri, 08/26/2011 - 10:43 | 1604126 slaughterer
slaughterer's picture

Will rally into close as volume breaks down. 

Fri, 08/26/2011 - 10:53 | 1604180 Sancho Ponzi
Sancho Ponzi's picture

DXY just went vertical, and equities follow. What a joke.

Fri, 08/26/2011 - 10:43 | 1604129 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Just stick a sign above the 'markets' : "Humans not allowed".

I'm serious, this is not a market and it's not for humans.

Fri, 08/26/2011 - 10:45 | 1604144 EscapeKey
EscapeKey's picture

It's a human pressing the PPT "auto-correct" 'ON' button.

Fri, 08/26/2011 - 11:00 | 1604216 B-rock
B-rock's picture

....I don't know man, the 1 minute EMini price action follows the technicals perfectly for scalping bigtime...  It's amazing really.

Fri, 08/26/2011 - 11:02 | 1604251 Don Birnam
Don Birnam's picture

FunkyMonkeyBoy,

"Always trust your Skynet investment advisor. Hasta la vista, baby !"

http://lifebrisbane.files.wordpress.com/2009/05/terminator4.jpg

Fri, 08/26/2011 - 10:46 | 1604136 Tense INDIAN
Tense INDIAN's picture

not only europe and US stocks ...but Indian futures also moving  together doing their reversals at the SAME TIME as if tied together......all I can say is that its the MACHINES

Fri, 08/26/2011 - 10:45 | 1604137 HUGE_Gamma
HUGE_Gamma's picture

the bottom is in folks

Fri, 08/26/2011 - 10:46 | 1604148 Esso
Esso's picture

Wanna bet?

Fri, 08/26/2011 - 10:48 | 1604158 Fish Gone Bad
Fish Gone Bad's picture

+1

Fri, 08/26/2011 - 10:57 | 1604188 DeadFred
DeadFred's picture

I'm definitely betting. This surge won't last the day and next week will make the hiker that fell off half dome look like he had a nice trip (no pun intended). I love when the robots give us cheap puts. The perfect storm may be setting up in the markets and offshore.

Anybody have a good idea of the where resistance points are to stop these lovely machines?

Fri, 08/26/2011 - 10:58 | 1604217 Mesquite
Mesquite's picture

Perhaps you meant: 'the fix is in folks..'

Fri, 08/26/2011 - 10:46 | 1604149 weinerdog43
weinerdog43's picture

One has to wonder exactly what the SEC is actually doing all day.  There's only so much porn you can watch. 

Fri, 08/26/2011 - 11:02 | 1604245 vast-dom
vast-dom's picture

But FISTING is infinitely watchable, for the SEC, Teh Fed, et. al

Fri, 08/26/2011 - 10:47 | 1604153 caerus
caerus's picture

stayin short

Fri, 08/26/2011 - 10:50 | 1604167 TradingJoe
TradingJoe's picture

So do I!

Fri, 08/26/2011 - 11:02 | 1604229 vast-dom
vast-dom's picture

AbsoFuckingLutely STAY SHORT.

 

This is merely the CAT CADAVRE skitter.

 

Bernank essentially bought himself 3 weeks of financial fuckery! FUCK BERNANK! 

Fri, 08/26/2011 - 10:49 | 1604156 slaughterer
slaughterer's picture

Dump the embargo block on Ben's speech, then rally it up on HFT.  This was the exact same play as last year. 

Goldman got its QE3: It is very clear across all of my contacts. 

Fri, 08/26/2011 - 10:48 | 1604157 ZeroPower
ZeroPower's picture

Butterfly looking good for a flattening on the long end

Fri, 08/26/2011 - 10:53 | 1604178 slaughterer
slaughterer's picture

Blue horeshoe loves Sept SPY calls.

Fri, 08/26/2011 - 10:50 | 1604164 Esso
Esso's picture

QE on the QT, bitchez!

Fri, 08/26/2011 - 10:50 | 1604168 scratch_and_sniff
scratch_and_sniff's picture

LOL bonkers, chf took a hiding!! ...and breath.

Fri, 08/26/2011 - 10:51 | 1604172 lolmao500
lolmao500's picture

Too bad Irene is weakening...

Fri, 08/26/2011 - 10:56 | 1604203 Hobbleknee
Hobbleknee's picture

needs more aliens

Fri, 08/26/2011 - 10:52 | 1604174 Oh regional Indian
Oh regional Indian's picture

I slipped on my stairs coming in from a wet terrace. Jerked my knee. I knwo what this feels like folks, even though I'm on th eoutside looking in.

So many hours to go and the uncertainity is immense eh? Carry on this charade for another 3 weeks and then sum? Please, can we get it over with? But no! No guidance, no direction, no wind beneath your wings from BenBTheBank.

On your own but hardly alone!

BeAwake

http://aadivaahan.wordpress.com/2011/08/24/precursor-03-bottom-falling-out-still-still-and-a-gander/

Fri, 08/26/2011 - 11:55 | 1604492 slewie the pi-rat
slewie the pi-rat's picture

sry to hear that, oreo

i must say it's pretty on-topic for a knee-jerk string, tho!  fabulous!   hard-wired hi-freak algos have tripped up the best of us, especially on a slippery slope

ice for the first day, then maybe a wrap in a heating pad or a hot water bottle, and self-medication to suit how funny ya want to get, here, bro

personally, hope you're able to resist the urge to just sit around and design more advertising for zH, but i'm gonna stop generating negative attention to help you out , for a while, even tho it sure has been fun, ok?

peace

Fri, 08/26/2011 - 10:52 | 1604175 TradingJoe
TradingJoe's picture

This thing will sell off ferociously! It has a lot of time for that! A more obvious trap than this one...I don't know!

Fri, 08/26/2011 - 10:53 | 1604181 SheepDog-One
SheepDog-One's picture

1 quick relief rally to put bulls at ease, then WHAM, off with their heads!

Fri, 08/26/2011 - 11:38 | 1604414 IMA5U
IMA5U's picture

not 2day

Fri, 08/26/2011 - 11:18 | 1604310 bankruptcylawyer
bankruptcylawyer's picture

i'm confused that it's gone from pretty bearish to all in the green!. i mean, they wanted qe3 right? goldman and bac probably lied about expecting it, but then, if no one expected it, and it didn't come, then i guess there's nothing to be bearish about but just neutral?

so are the shorts just getting sheared because the market is neutral now?

Fri, 08/26/2011 - 10:52 | 1604176 Dick Darlington
Dick Darlington's picture

These markets are broken beyond repair. Look at EURCHF... Or the equity boner out of thin air...

Fri, 08/26/2011 - 10:54 | 1604186 SheepDog-One
SheepDog-One's picture

Yep, I dont even care if its up, down, whatever...markets now a completely broken joke!

Fri, 08/26/2011 - 11:52 | 1604481 Cdad
Cdad's picture

Until they haul Duncan Niederauer out of the NYSE in irons, and close down the computer room next to the room where Duncan takes his afternoon constitutional, the markets will remain broken.  And the public will not return to them.

Combined with the fact that the same criminal bankers are still heading up TBTF banks, there cannot and will not be real capital formation in this country...and the Greater American Depression will roll on.

Fri, 08/26/2011 - 10:54 | 1604183 sbenard
sbenard's picture

Either the market sees LESS Fed as better Fed, or is now anticipating a promise of some monster intervention of some sort following the FOMC meeting in Sept.

The fact that Bubbles Bernanke referred to his interventions as "unprecedented measures" is proof that he can't possibly understand or predict the consequences of his relentless interventions. If they have never had a precedent, then it owuld be impossible to know the ripple effects. One thing is for certain -- those consequences WILL be unpredictable, and just as likely harmful than helpful. 

Bernanke is a teenager with a chemistry set that won't stop until he blows up the neighborhood. Prepare for it!

Fri, 08/26/2011 - 10:55 | 1604189 ZackLo
ZackLo's picture

Didn't you guys know? WE HAVE to close above the 200 ma on the monthly and weekly 10 year chart...

Fri, 08/26/2011 - 10:55 | 1604197 Terminus C
Terminus C's picture

Gold has gone down twenty, up twenty five, and down thirty in half an hour.

Unreal.

Fri, 08/26/2011 - 11:07 | 1604264 Mesquite
Mesquite's picture

Sticky Throttle....

Fri, 08/26/2011 - 11:40 | 1604335 Threeggg
Threeggg's picture

Trying to downshift to the increase margin gear...

Could we see one today ?

Something's going to happen the volume is insane !

Fri, 08/26/2011 - 10:55 | 1604198 JSD
JSD's picture

--- Very Bullish/Bearish

--- Who gives a flying fuck

Fri, 08/26/2011 - 10:55 | 1604199 Atomizer
Atomizer's picture

Smack My Bitch Up

Fri, 08/26/2011 - 10:56 | 1604201 alien-IQ
alien-IQ's picture

Looks like all the worlds problems were solved with a brief speech by a short bald man in Podunk USA.

Who would of guessed?

Somebody please pass the Tequila...hold the training wheels.

Fri, 08/26/2011 - 14:42 | 1605088 mkkby
mkkby's picture

Yeah, the assholes who caused all this are having their annual shrimp fest.  That ought it fix it.

Fri, 08/26/2011 - 10:57 | 1604208 slaughterer
slaughterer's picture

Pain will really start to settle in for the shorts in the 1172-1180 range.  After 1190, it will be absolute demoralization.  I told readers yesterday that the bots know all about your virtually unanimous bearish sentiment.  That's why we ... I mean they programmed the HFTs to assault you today.     

Fri, 08/26/2011 - 11:11 | 1604279 BetTheHouse
BetTheHouse's picture

What a coincidence  I was planning on assaulting your Mom's shorts today. 

Fri, 08/26/2011 - 14:50 | 1605122 mkkby
mkkby's picture

What horse shit.  Everyone is gone from NY.  Low volume is always bullish.  The algos magnify that.  If you ever once traded in your life, you'd know that.

Fri, 08/26/2011 - 11:09 | 1604274 adr
adr's picture

Look at LULU, Hansen, Fossil, Pricline, Linked In. The action is insane. The entire momo block got bought all at once at the exact same time.

LINKED IN IS UP 5%!!!! Chipotle took at $10 swing.

It's men vs machines. The men want to sell but th emachines won't let them. The machines are stuck on buy at the moment. GO PPT GO!!!!

Oil sold down all the way to about $83 and went vertical to $85.

This is the day that proves beyond any reasonable doubt in any market believer that the markets are beyond broken. If it doesn't then you should just jump off a cliff becuase you can't be helped.

Fri, 08/26/2011 - 12:19 | 1604582 V in PA
V in PA's picture

AAAAAAAAAAHHHHHHHHHHHHH!!!!!!

Fri, 08/26/2011 - 11:13 | 1604291 Racer
Racer's picture

A range of tools aka the Fed/PPT/ChairSatan interfered with the 'market'

 

Trade this at your peril, they will not allow banksters to lose

Fri, 08/26/2011 - 11:14 | 1604297 adr
adr's picture

Turns out that the Motley Shitheads released a whole bunch of news stories about how cheap some stocks are right around the time the knee jerk in the market.

headline:

Priceline.com Is Better Than You Think

is that all the Algobots needed?

Fri, 08/26/2011 - 11:20 | 1604315 Downtoolong
Downtoolong's picture

Now all we have to do is find the one swami among all the financial pundits and advisors in the world who called this market move in advance. Then we can make a billion dollars selling his deep insights and wisdom to gullible investors.  

Fri, 08/26/2011 - 11:22 | 1604322 gatorontheloose
gatorontheloose's picture

draw tops on 1hr dow chart starting aug 3rd to make your short entries, imho.  coming soon, maybe noon, maybe end of day. 

Fri, 08/26/2011 - 12:52 | 1604695 gatorontheloose
gatorontheloose's picture

and here we are pinned to it

Fri, 08/26/2011 - 11:24 | 1604327 Scalaris
Scalaris's picture

Arcanoid ?

Fri, 08/26/2011 - 11:27 | 1604337 r101958
r101958's picture

You should all realize what one of the targets of all this manipulation is. It is those of us that want some reality/rationality in the markets. For the last 2-3 years we have been commenting here and elsewhere, that the day must come when the market will have to swallow the bitter pill of reality. After which the real mending can begin. Each time, however, the market is further manipulated to extend the day of reckoning somewhere out further in the future. Each time this happens a few more of us throw our hands up in dismay and give up the hope that truth and reality will somehow finally win out. We should not give up though as this and other blogs are about the only form of reality still available for critical thinkers. Keep posting, keep thinking. Don't capitulate.

Fri, 08/26/2011 - 11:59 | 1604509 LongBallsShortBrains
Fri, 08/26/2011 - 15:50 | 1605349 fuu
fuu's picture

Nothing much to do at the SEC today?

Fri, 08/26/2011 - 12:00 | 1604514 slaughterer
slaughterer's picture

"Don't capitulate", yes, and lose half of your net worth. 

Fri, 08/26/2011 - 13:20 | 1604781 akak
akak's picture

Not if you've (wisely) been sitting in precious metals throughout this whole farce of a "recovery" and "market rally" for the last two years.

Anyone still fucking around in the madhouse of the Bernankster's smoke-and-mirrors equities market has not just been swimming with sharks --- they've been swimming with sharks on meth.

Fri, 08/26/2011 - 13:47 | 1604848 r101958
r101958's picture

Exactly akak, I haven't really been in the equity market for a couple of years now. I believe holding any phys gold and silver you have is probably a smart move. What I meant by 'don't capitulate' is this; don't give in to the feelings of despair that this ponzi, manipulated farce of an economy will continue forever. It won't and it can't. Some folks label us doomers, etc. However, I do not hope for destruction. I hope for reality. I (and most of you) have done my homework and used some common sense and understand that when reality returns it will include a great deal of turbulence, pain and adjustment. I would have no problem if we could mend without this pain I mention. However, because I have looked into it, I realize that this is not really possible. So, I think that trying to play in this 'market' is fraught with pitfalls and should be avoided.  I await the day when some truth and reality return.

Fri, 08/26/2011 - 15:03 | 1605170 Raymond Reason
Raymond Reason's picture

The sublte manipulation of past years is gone.  Now it is blatant manipulation.  The bankers are saying, yes, you know we are cheating, but we hold the levers of power, and you can't remove us.  This are the desperate throes of the end-game. 

Fri, 08/26/2011 - 13:20 | 1604784 DCFusor
DCFusor's picture

Only if you suck as a trader, and fail to "improvise, adapt, and overcome" as the saying has it.  I'm making money here and there, not tons, but not losing it either.  It does take hard work and paying as much attention as a human can -- the bots win on that one when it's boring - they don't care.

 

Fri, 08/26/2011 - 13:50 | 1604864 r101958
r101958's picture

My question is; what are you making over 8 or 9% (actual inflation) a year? That is your real take. If somebody invested in phys silver and gold 2 and 3 years ago then they are doing fine.

Fri, 08/26/2011 - 11:29 | 1604347 cocoablini
cocoablini's picture

Bernanke knows that the market is prone to crashing in Sept and Oct with the fall season, holidays finished, school back in and everyone just get depressed about summer over. Plus the typical low volume ramp period the Fed has enjoyed is now orine to higher volumes.
So I expect the PPT to hold back and then as things swan dive over the cliff the algo hammer will come in and save the Fall crash.
He will start leaking rumors( talk is what preceded QE2) soon and then if he needs to, he will implement Twist or Ease3.
This may take 5 years, but he lose. Mother Nature and Mr. Margin will kill any semblance of a recovery.
He and Greenspan should be tried for treason and seditious acts agaisnt the American People. He is a common thief and a flimflam artist- butI suppose thats what capitalism is in the end. A big scam

Fri, 08/26/2011 - 11:32 | 1604359 Boilermaker
Boilermaker's picture

That's a rap!

Bankers 1 - Citizens 0

They're going to absolutely ass fuck everyone and steal every thin fucking dime.  Welcome to the new age of the feudal system.

Fri, 08/26/2011 - 11:37 | 1604404 eurusdog
eurusdog's picture

Headed to the local theme park today and tis was a much better ride than I will have the rest of the day!

Fri, 08/26/2011 - 11:38 | 1604412 walküre
walküre's picture

The only reasonable thing left to do is to take whatever is left in trading accounts and convert into physical gold, silver, platinum, land, canned food, ammo, diesel storage.. whatever is actually TANGIBLE.

There won't be a "market" much longer as participants are figuring out the shell and con game. The internet has made it possible for the people to figure this out and made it impossible for the crooks to hide their TOOLS.

TOOLS? Bernanke has TOOLS? He's a crook! Of course he has tools. Whatever tool du jour he applies will help him and his cronies getting richer.

Apparently they can't manipulate all the markets all the time or why was DAX plummeting this morning?

Money is leaving the broken stock markets and moving into tangible assets. When German investors stock up on gold because they know their government won't bailout Europe and they know that the system is kaputt, then so should you. Unless you'd like to get fleeced again and again and again.

Fri, 08/26/2011 - 11:41 | 1604425 Boilermaker
Boilermaker's picture

con game?!  Surely, you jest.

Fri, 08/26/2011 - 11:55 | 1604487 walküre
walküre's picture

you being sarcastic? of course it's a con game.

BAIT and SWITCH is another of Ben's TOOLS.

Fri, 08/26/2011 - 12:01 | 1604515 Boilermaker
Boilermaker's picture

Yes, I was being sarcastic.

Fri, 08/26/2011 - 12:19 | 1604586 docj
docj's picture

Yep.

I feel awful for anyone who has to try to make rent in this market. Anyone "playing" or "hobbying" in this market richly deserves the royal, sans-lube corn-holling he's certainly going to get.

Fri, 08/26/2011 - 12:03 | 1604525 Dingleberry Jones
Dingleberry Jones's picture

WTF are the markets still going up for? This is nonsense. 

Fri, 08/26/2011 - 12:12 | 1604559 bulldung
bulldung's picture

Repeat after me,

Don't fight the Fed

Don't fight the Fed

Don't fight the Fed.............................

Fri, 08/26/2011 - 12:18 | 1604577 walküre
walküre's picture

If you walk away from the fight, has the other side automatically won?

There's this German saying "Imagine there's a war and nobody shows up.. "

Let them fleece each other a bit more. I'm using the opportunity to cash in and cash out.

Fri, 08/26/2011 - 13:25 | 1604791 akak
akak's picture

Exactly, Walkure.

You not only can fight the Fed, you MUST fight the Fed ---- because the Fed is fighting against reality and inevitability itself.  It is NOT omnipotent, and WILL fail in its psychotic and sociopathic quest to indefinitely levitate this corpse of a market.

Just walk away.  Very preferably with some gold and silver in each hand.

Fri, 08/26/2011 - 16:19 | 1605479 PhysicalRealm
PhysicalRealm's picture

The quote is:

What if someone gave a war and Nobody came?
  Life would ring the bells of Ecstasy and Forever be Itself again?
      - Allen Ginsberg, Graffiti

 

 

Fri, 08/26/2011 - 12:14 | 1604569 aerial view
aerial view's picture

Market bottoms and goes up vertical on what news; oh yeah, Wall Street manipulators need another day of huge profits before tropical storm Irene washes it clean.

Fri, 08/26/2011 - 12:28 | 1604590 ReactionToClose...
ReactionToClosedMinds's picture

 

 

 

the game is on ... to mid-September

  1. German regional elections end
  2. France & ECB better understand what their facing ... who/what can help .. .what is distraction or danger
  3. 2 day FOMC to study tools ..... see 1 & 2 above
  4. Germany collectively comes to grip with fact they are not an island or on separate continent
  5. PRChina is vulnerable .. they know it ..... they understand there cannot be a global implosion or the "Party' loses all relevance after decades of poltical risk to embrace 'state' capitalism
  6. Most human's cannot tolerate massive levels of insecurity. anxiety and lack of clarity in their economic lives ...... which is why they revert to socialsm (extremes of such are facism and communism) ...as many 'intellectuals' believe 'bolsheviks' mishandled golden opportunity.  PRChina 'Party' leaders  would beg to differ but hard experience & actual actions are always ignored/discounted in the 'intellectual' debate

October 1929 .... less than 4% of US population owned equites.  1930 economy looked like it was rebounding... nothing that dire ... unless one knew what was lurking in the future back then .... comparatively looked better compared to 1907 and early 1890s (very very serious economic implosions those two ). But major transformational issues of post-WW1 Europe (200- 150 years of accumulated economic, sociolgocial and political change occurs  dramatically as long-standing 'empires' under War's streess collapse) was rocked (Europe itself was slowly rebounding in step-jerk adjustment fashion to its major changes)  by specialative equity bubble crash in New York.  This 'crash' did start a slow motion train wreck exacerbated by political adoption of tariffs to 'protect' pressured US economic interest groups (Donald Trump is all for tariffs to protect us from the dastardly Chinese .... must be another Rothschild dirty trick to activate 'neocons'  to beat drums for war in Middle East because Mossad zionists are root cause of everything .....).   In 60 days at the calendar year end 1931 the US bank collapse started, arguably initiated again by Euro bank/finance pressures in Fall of 1931 ,  ... despite the 'progressive' vision of the Federal Reserve System.  Important note:   prior to this 60 days ...... US bank faulure rate looked quite normal ..... clearly within normal range .. there was no warning sign ... .and bank officials saw nothing out of the ordinary for that  period/economic era.

 

Last ..... Wall Street hyped the 1937 comparison in 2009 for equity advance ramp ......

.... but if you ask me ....... right now looks alot more like Summer 1931 .......

 

gold was a safehaven ... for awhile ....

Fri, 08/26/2011 - 12:57 | 1604711 jimmyjames
jimmyjames's picture

 

gold was a safehaven ... for awhile ....

 

******************

http://2.bp.blogspot.com/_nSTO-vZpSgc/RbmMtplgCjI/AAAAAAAAAPk/NtN5JDlwHi...

 

Fri, 08/26/2011 - 13:33 | 1604819 Smiddywesson
Smiddywesson's picture

Love the historical analysis.  I wish more people would provide comparisons to the past.  Sigh.

Anyway, I can't agree with the sentiment that gold was a safehaven, but only for a while. 

Gold was most definitely a safehaven for the central bank that confiscated it.  Once they got the gold, they raised its price. 

The lesson for us today is not that gold proved to be an unreliable safe haven throughout the 30s during a shift to fiat.  Even during this period there were winners.  The lesson is that there are winners and losers in these situations, and anyone holding gold when we go onto a gold standard is likely to be on the winning side of the trade.

Fri, 08/26/2011 - 12:21 | 1604591 ReactionToClose...
ReactionToClosedMinds's picture

somehow a double post ...

Fri, 08/26/2011 - 12:57 | 1604715 Capitalist87
Capitalist87's picture

Market is up because Minka is back on it.

Fri, 08/26/2011 - 13:19 | 1604777 Smiddywesson
Smiddywesson's picture

That chart makes me want to pee and gives me sciatica down my the back of my leg.  Max g-forces!

The bungee jumping market

Fri, 08/26/2011 - 14:11 | 1604948 dcb
dcb's picture

while I hate this market, the truth is that if I chart it out a day or two in advance, then put in the buy and sell orders based on the computer I do very well. it's teh day trading that screws me. on a single chart this looks randone, on the right chart, it's very planned. if you realize the outcome of the market is rigged before you start it's easier

Fri, 08/26/2011 - 16:05 | 1605416 Smiddywesson
Smiddywesson's picture

For most successful traders, they must blow out a few accounts before they realize EVERYTHING is rigged, and that's just the 2% that succeed at trading.

Efficient Market Theory was true after all.  We have very efficienct markets, they leave no succor with money.

Fri, 08/26/2011 - 15:10 | 1605196 Random_Robert
Random_Robert's picture

This is perfectly normal market action...

after all- it is perfectly natural and acceptable for EVERYONE in a market to vehemently believe something, and then INSTANTLY and completely change their minds and run in exactly the opposite direction....

right? 

 

Bah.

Fri, 08/26/2011 - 19:14 | 1606069 pappyhlace
pappyhlace's picture

the price movements from the HFT's are too fast to follow for the short term swings...by the time you buy/sell its reversing on u

get hit on a couple of these and you'll barely have ne profits left

seems like there are 1-2 big moves in the day, when was the last time we didn't have a freaking 200-300 point intraday swing...

be patient, find the daily bottom/top, buy/short, put in stops and let it ride

or...just but the f*&kin dip

 

 

Thu, 11/24/2011 - 02:15 | 1909789 erohedgeer
erohedgeer's picture

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Tue, 12/13/2011 - 08:10 | 1973199 mediaprizm
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