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Visualizing Today's Deja Vu Last Second 60,000 E-Mini Contract Wipe Out

Tyler Durden's picture




 

Today, three seconds before the close, someone was in a desperate hurry to dump 60,000 E-Mini contracts - the equivalent of $4.1 billion in underlying notional (ignoring the reflexive impact on various correlated assets and downstream synthetic instruments like ETFs and options). What happened next was a trade that was just shy of the size of the Waddell and Reed trade that the SEC said caused the flash crash. Luckily this time there was just 3 seconds of potential waterfall after-effects before the market closed. Had this happened at the May 6 blue light special time of 2:30 pm, the month end marks of US hedge funds and prop desks would have looked very different one day before the all too critical FOMC statement. The question remains: who waited to perform a reverse E-bay (inverse bid all in, in the last second of trading), and just what do/did they know? Below we present the complete 60,000 dump in its full visual glory courtesy of Nanex. But hold on. There is a twist...

From Nanex: eMini Wipe-out

On July 31, 2012, starting about 3 seconds before the close (15:59:57 EDT), our monitoring software alerted us to an unusually large trade of over 60,000 eMini (ES September 2012) contracts that were sold at once. At the same time, we also received an alert showing large and unusual trades in  ETFs (note the last column is the value of the trade in millions of dollars):


1. eMini depth of chart showing price map in the upper panel, and trade volume volume as a histogram below.



2. eMini Depth of chart showing price and size map.



At 15:50:15, we noticed a sudden drop in eMini liquidity. Note the sudden contraction just to the left of center.
 

 

* * *

And where things get really interesting, is that what happened a few short hours ago, is virtually a carbon copy replica of an almost identical event which took place on July 31... 2011

On July 29, 2011, also the last trading day of July, Nanex noticed a eerily similar event and published a paper on it. A chart of SPY on that day is shown below.

 

 

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Tue, 07/31/2012 - 18:17 | 2666613 John Law Lives
John Law Lives's picture

Thank you, ZH, for keeping us informed re. this sort of development.  We sure wouldn't get this sort of analysis from the whoremongers who own the MSM.

Grazie!

Tue, 07/31/2012 - 18:25 | 2666632 ACP
ACP's picture

There are always little clues like this before the SHTF...

Tue, 07/31/2012 - 18:41 | 2666679 Muppet of the U...
Muppet of the Universe's picture

Speculate away.  that is what we do.  But to honest, if you didnt see a 4pm dumperoo coming?  LOL

Tue, 07/31/2012 - 18:54 | 2666711 Godisanhftbot
Godisanhftbot's picture

 You said it.  This analysis is interesting, but all after the fact.  Maybe we should just go short every July 31 5min to close.  See Ya next year!!!!

Tue, 07/31/2012 - 18:56 | 2666725 Muppet of the U...
Muppet of the Universe's picture

You are so close to the truth its not even funny.  Almost there, but you got 1 thing wrong.  & i bet if u think enough you;ll get it.

Tue, 07/31/2012 - 19:22 | 2666795 francis_sawyer
francis_sawyer's picture

I'm all in on that (assuming there's a next year)...

Tue, 07/31/2012 - 19:42 | 2666862 knukles
knukles's picture

I'm gonna be particularly brave, gutsy, bold and radical.
Just staying out of the fucking mess until well after the whole bag of worms craters... just like 5 years ago.
And then take a look at what's just what asset class has been poleaxed, staked through the heart, nailed and executed that makes sense to buy after the  thrashing.

Bonds, bullion and cash, bitchez

Tue, 07/31/2012 - 20:11 | 2666949 francis_sawyer
francis_sawyer's picture

fuckin a right!

Tue, 07/31/2012 - 20:20 | 2666978 The Monkey
The Monkey's picture

I guess someone wants to give Bernanke a hint...

Print, or else!

Tue, 07/31/2012 - 20:50 | 2667051 WonderDawg
WonderDawg's picture

Doubtful. The decision has long been made, they're just going through the theatrical motions, now. More like Goldman's trading desk unloading some shit because they know the decision. Interesting how the stops Goldman set (1390) when they recommended going short were taken out in this little ramp. Smells like a cat turd.

Tue, 07/31/2012 - 21:24 | 2667126 francis_sawyer
francis_sawyer's picture

Don't take this as 'trading' advice... (if you do ~ you're even more mindfucked than yours truly), but my spider senses tell me that this is more likely something of the nature of what is nominated in some of the comments below...

My favorite are the END OF JULY positions scenarios...

Since I don't bet with GOLD... I wouldn't bet anything... But if I were wagering with worthless debt notes of paper, I'd say that the turnaround, TOMORROW, comes in the 1360's... All you dickheads who want to play with THAT advice DESERVE what you get in the end...

Tue, 07/31/2012 - 21:24 | 2667138 Comay Mierda
Comay Mierda's picture

PPT was too busy looking at midget porn and hit the wrong button today

Tue, 07/31/2012 - 23:37 | 2667505 WonderDawg
WonderDawg's picture

That's pretty much what I was saying. No big QE, market is disappointed. But, unless you're in the club, it's still a guessing game.

Tue, 07/31/2012 - 22:47 | 2667357 DeadFred
DeadFred's picture

careful with those bonds knuckles

Wed, 08/01/2012 - 02:17 | 2667792 jeff montanye
jeff montanye's picture

my thoughts too.  treasury rates are at or below lows last seen briefly in 2008 and in the late 1940's (and not often then).  u.s. quality spreads, though widening, are not wide.  treasury rates rose during the equity bear market of the early 1930's with quality spreads widening enormously (and wave upon wave of bankruptcies). 

Tue, 07/31/2012 - 20:13 | 2666955 pavman
pavman's picture

 You said it.  This analysis is interesting, but all after the fact.  Maybe we should just go short every July 31 5min to close.  See Ya next year!!!!

 

lololol!

I wonder if this is a portent of no QE for you!

Tue, 07/31/2012 - 19:19 | 2666785 CH1
CH1's picture

Someone wanted to get dollars instead of e-minis, knowing something about the future ability (or lack thereof) to exchange them?

Tue, 07/31/2012 - 22:42 | 2667343 DeadFred
DeadFred's picture

I usually don't watch the close but did today wondering if we would see some front running of the Fed. Nothing much then, boom, air pocket. I kinda expected something similar to the last afternoon before the US gov downgrade that set off last summer's exciting days. I hope someday we can find out what this was about, especially 'who'

Tue, 07/31/2012 - 18:53 | 2666700 Ineverslice
Ineverslice's picture

Caution: 

Sinkholes ahead.

Tue, 07/31/2012 - 18:59 | 2666734 SmittyinLA
SmittyinLA's picture

We know the SwillHTF soon, maybe, sometime.....but we don't know which way the fan is spinning, or who will control the polarity.  

Time to go long on lead (an insurance bet). 

Tue, 07/31/2012 - 19:02 | 2666744 jomama
jomama's picture

i've been waiting for it for only four or so years now...

Tue, 07/31/2012 - 19:02 | 2666742 westboundnup
westboundnup's picture

I'll know the SHTF when there are massive power outages to prevent further selling.  The fact that there hasn't been any widespread power outages means that . . . . oh S.

Tue, 07/31/2012 - 19:35 | 2666837 Joe Sixpack
Joe Sixpack's picture

Are you in Indi

Tue, 07/31/2012 - 20:01 | 2666919 westboundnup
westboundnup's picture

No. USA.

Tue, 07/31/2012 - 21:32 | 2667157 URZIZMINE
URZIZMINE's picture

You will know that its really SHTF when you can no longer locate ZH on the internets.

Tue, 07/31/2012 - 18:31 | 2666651 4horse
4horse's picture

ZH D-tail of the devil

doing godswerk

Tue, 07/31/2012 - 18:39 | 2666672 Hype Alert
Hype Alert's picture

So who bought 60,000 E-Mini contracts 3 seconds before the bell?

Tue, 07/31/2012 - 18:44 | 2666688 Lost Wages
Lost Wages's picture

Unknowing muppets?

Tue, 07/31/2012 - 19:23 | 2666798 francis_sawyer
francis_sawyer's picture

The taxpayers...

Tue, 07/31/2012 - 18:54 | 2666717 Godisanhftbot
Godisanhftbot's picture

Innocent bystanders, grandma, and Bill Gross

Tue, 07/31/2012 - 18:59 | 2666733 HelluvaEngineer
HelluvaEngineer's picture

You did. You just don't know it yet!  Lulz.

Tue, 07/31/2012 - 19:04 | 2666749 Hype Alert
Hype Alert's picture

Hah, you're probably right on the money there.

Tue, 07/31/2012 - 19:25 | 2666806 RichardENixon
RichardENixon's picture

You'll see it in your 401k statement for July.

Tue, 07/31/2012 - 19:17 | 2666782 steveo77
steveo77's picture

Your State Pension fund, duh!

Tue, 07/31/2012 - 19:38 | 2666845 I think I need ...
I think I need to buy a gun's picture

oh yea they always stuff all the crap into the pension plans for maximum pain effect

Tue, 07/31/2012 - 20:02 | 2666923 Bringin It
Bringin It's picture

While Corzine was NJ govenor in the Summer of '08, NJ state pension funds, ie. the pensions for teachers and firemen, etc. were massive Lehman buyers.

Wed, 08/01/2012 - 05:22 | 2667945 mrdenis
mrdenis's picture

even now they have a high percentage in "alternative "...investments ,I aleasys go on the state web site to see just what they are ,but no luck .The state refuses to put any additional miney into the fund ,just workers contributions are going in with 7 billion going out each year to retirees with assests of 60 billion how much longer can that last ,most employees think FOREVER ! 

Tue, 07/31/2012 - 19:27 | 2666809 jmeyer
jmeyer's picture

All the bids in the DOM; the market sell number of contracts ( 60,000 ) wiped out everyone ( or bot ) in the limit bid list; that's who bought the contracts; or rather choked on them.

Tue, 07/31/2012 - 20:17 | 2666971 XenoFrog
XenoFrog's picture

I think they're referred to as, "bag holders".

Tue, 07/31/2012 - 20:38 | 2667023 The trend is yo...
The trend is your friend's picture

paint the fucking tape

Tue, 07/31/2012 - 21:56 | 2667200 max2205
max2205's picture

Dark pool hedge trade to net flat.... Keep moving

Wed, 08/01/2012 - 00:46 | 2667674 FL_Conservative
FL_Conservative's picture

I guess its a good time to be short the S&P 500, don't ya think?  Cha-ching.

Wed, 08/01/2012 - 01:06 | 2667713 China
China's picture

Pack your bags folks! Soon China send you all to be re-educated. You must be instituted into the delusion.

Tue, 07/31/2012 - 18:18 | 2666614 GernB
GernB's picture

Can I get those images framed? I want one on my wall as artwork.

Tue, 07/31/2012 - 18:21 | 2666620 New_Meat
New_Meat's picture

Yes, YOU can.

Tue, 07/31/2012 - 19:08 | 2666756 smlbizman
smlbizman's picture

do we remember those pictures you had to stare at, than one day you could see what was there? than as you looked at others they became instantly clear?...i must be honest...i actually for once can make out these nanex "pics" and see what they are talking about....

Tue, 07/31/2012 - 19:50 | 2666888 exi1ed0ne
exi1ed0ne's picture

If you stare long enough and cross your eyes a bit you can see a sailboat. Ironically the boat has Au and Ag spilling over the side.

Tue, 07/31/2012 - 20:09 | 2666941 smiler03
smiler03's picture

I can only see a schooner.

Tue, 07/31/2012 - 21:29 | 2667148 Beam Me Up Scotty
Beam Me Up Scotty's picture

Another boating accident??? Man, boat insurance costs are going to skyrocket with the price of gold!! Boating accidents happening all over the place lately and you don't even read about it on the MSM!

Wed, 08/01/2012 - 08:24 | 2668101 mrdenis
mrdenis's picture

I do see the..... titanic 

Tue, 07/31/2012 - 18:20 | 2666616 fonzannoon
fonzannoon's picture

wait till you see the nanex chart of gld at 2:16pm tomorrow.

Tue, 07/31/2012 - 18:27 | 2666638 distopiandreamboy
distopiandreamboy's picture

You mean 2:15:00:00:03

Tue, 07/31/2012 - 18:21 | 2666618 New_Meat
New_Meat's picture

"Luckily this time there was just 3 seconds of potential waterfall after-effects before the market closed."

Just 3 seconds is 3,000,000 microseconds.  Plenty of time for the algoz to react, unless their programmerz were finishing up with a happy moment with a little premature-ness.

But, then again, someone has to counteract the really good housing numbers (k-2) and the PMI stuff and Olympic gold fevre and stuff.

- Ned

Tue, 07/31/2012 - 18:27 | 2666639 Papasmurf
Papasmurf's picture

A happy ending takes around three seconds.

Tue, 07/31/2012 - 18:48 | 2666692 Dapper Dan
Dapper Dan's picture

But the refractory period takes 3 hours :{

 

Tue, 07/31/2012 - 19:00 | 2666735 jomama
jomama's picture

appropriating a cute(r) girlfriend should significantly reduce that latency.

Tue, 07/31/2012 - 20:08 | 2666936 Bringin It
Bringin It's picture

I love the red-head.  I knew I was in love at about 2:21

https://www.youtube.com/watch?v=GXcLVDhS8fM

Tue, 07/31/2012 - 20:13 | 2666958 Jake88
Jake88's picture

that is sad

Tue, 07/31/2012 - 18:23 | 2666623 Its_the_economy...
Its_the_economy_stupid's picture

Wha' "appened?

Tue, 07/31/2012 - 18:26 | 2666636 Rainman
Rainman's picture

fuckin Sack's replacement screwed up. he was supposed to go the other way.

Tue, 07/31/2012 - 18:23 | 2666624 Poqit
Poqit's picture

This is what Hilsenrath does when the QE news is "bad"?

Tue, 07/31/2012 - 18:32 | 2666657 EclecticParrot
EclecticParrot's picture

You're close.  This was Hilsenwretch's blind trust being traded, purely by coincidence, at the close.  

(Definition of "blind trust":  Hilsen-berry closes his eyes before pressing the blue "Transmit" button in his IB account, shortly after sharing a croissant with Bernanke's intern).

Tue, 07/31/2012 - 18:25 | 2666629 Snakeeyes
Snakeeyes's picture

Did something leak at the Fed meeting?

Tue, 07/31/2012 - 18:28 | 2666645 JohnG
JohnG's picture

That was my first thought.  Someone knows something.

Tue, 07/31/2012 - 18:34 | 2666654 Paul Atreides
Paul Atreides's picture

And now we know something.

Tue, 07/31/2012 - 18:37 | 2666665 SemperFord
SemperFord's picture

And if there is truly a crash, we KNOW to purchase PM's while they get even cheaper.

Tue, 07/31/2012 - 20:29 | 2667006 pavman
pavman's picture

Been waiting since 2003 for them to drop, dammit.

Tue, 07/31/2012 - 18:59 | 2666673 Everybodys All ...
Everybodys All American's picture

Definitely. First off someone is always leaking because it simply is going unpunished. In this environment when leaking is essentially legalized by the regulators and btw you can damn well bet it is happening.

Look at the home builders today. If there was ever going to be a QE announced these stocks would be rallying and they were down all day. This large of a trade at the end of the day is an elephant leaving the room. Very telling.

Tue, 07/31/2012 - 19:16 | 2666778 lotsoffun
lotsoffun's picture

guys, guys, gals.  seriously.  there ARE no markets.  the markets are 100% manipulated by co-ordinated (to some point, sometimes they even tell timmy to f-off) between central banks.

bernake and draghi only read scripts that they were told to read.  that's the only way the banks can make money.  and who do they work for?

and you can't beat there algo's for getting in and out.  they only make money now on volatility.  so now, they signal the shorts are right!  jump in!  and tomorrow morning you go short, and bennie says:  'hey, how does xxx? sound for new printing'  and you get crushed.  and then the next day - 'i was only kidding.  qe doesn't seem to work.  maybe we'll hold off to september (31 days away) and wait and see if needed'  and you get crushed again...........................

nobody figured this out?

 

Tue, 07/31/2012 - 18:49 | 2666695 4horse
4horse's picture

. . . leak . . .

        ?

 

noah overhearing voices again

 

. . . nobody else hearin nothin

 

nothin. floatin on nothin but lies and crime, deepest, darkest, where "market participants" -in fortune and men's eyes- hide, knowing every single move ahead of you and ahead of time

Tue, 07/31/2012 - 20:59 | 2667083 WonderDawg
WonderDawg's picture

Yeah, something leaked. Bernanke burped. They say it smelled like a Goldman turd.

Tue, 07/31/2012 - 18:34 | 2666634 Poor Grogman
Poor Grogman's picture

Smackdown day coming very soon to a casino near you.

Gotta stop Gold making a breakout before the real physical buying starts.

If your gonna manipulate, best do it in style...

Time to put fuel in the truck for another red spot special.

 

Tue, 07/31/2012 - 18:27 | 2666640 Getting Old Sucks
Getting Old Sucks's picture

Should I pop some popcorn for tomorrow?

Tue, 07/31/2012 - 18:34 | 2666643 francis_sawyer
francis_sawyer's picture

Come on man...

You don't think the slight gap (from March 11th), was going to subsequently go on largely unattended, did you?

Tue, 07/31/2012 - 18:28 | 2666646 larz
larz's picture

That was me taking profits

 

Tue, 07/31/2012 - 18:56 | 2666724 Godisanhftbot
Godisanhftbot's picture

  If you were selling than you sold too late, and if you were buying to cover you overpaid.

Tue, 07/31/2012 - 20:16 | 2666968 Jake88
Jake88's picture

wise move

Tue, 07/31/2012 - 18:30 | 2666649 Dr. Hannibal Lecter
Dr. Hannibal Lecter's picture

and add in the erroneous (?) API numbers for crude drawdowns and we got fireworks for tomorrow!

Tue, 07/31/2012 - 18:31 | 2666650 Meesohaawnee
Meesohaawnee's picture

does this mean tomorrow can be a deer in the headlights day?

Tue, 07/31/2012 - 18:35 | 2666660 fonzannoon
fonzannoon's picture

I don't know if we see a deer in headlights day for a while. But the next one we see will be the 12pt buck that comes over the hood and through the windshield.

Tue, 07/31/2012 - 18:37 | 2666663 francis_sawyer
francis_sawyer's picture

More like a headfake reversal day in the 136-'s... I call bullshit on it all (before proven otherwise)...

Tue, 07/31/2012 - 18:35 | 2666661 putbuyer
putbuyer's picture

Tyler, this is amazing stuff!  Your work is unmatched.

Tue, 07/31/2012 - 19:16 | 2666775 NotApplicable
NotApplicable's picture

Technically, this is from Nanex. But still, kudos to Tyler for getting the word out.

SEC investigation into Nanex in 3... 2... 1...

Tue, 07/31/2012 - 18:37 | 2666667 toady
toady's picture

I'm scared

Tue, 07/31/2012 - 18:40 | 2666675 Waterfallsparkles
Waterfallsparkles's picture

Goldman is heavly short this market.  They probably needed to re set the prices so they can cover. 

Tue, 07/31/2012 - 18:41 | 2666678 francis_sawyer
francis_sawyer's picture

glad somebody around here is thinking...

Tue, 07/31/2012 - 21:42 | 2667178 Need More Cowbell
Need More Cowbell's picture

Wait, let me check...yep, muppets are long, so GS is short.

Tue, 07/31/2012 - 18:40 | 2666677 Nozza
Nozza's picture

I'm confused. I thought e-minis could be traded 24 hours, so why is a rush in the closing seconds a problem?

Noz the uninformed

Tue, 07/31/2012 - 18:42 | 2666684 francis_sawyer
francis_sawyer's picture

your 'logical' Vulcan thought will not help you in this market...

Tue, 07/31/2012 - 18:51 | 2666701 FRBNYrCROOKS
FRBNYrCROOKS's picture

July ended at 16:00 hours today. They dumped the contracts so they copuld report the trade in tyhe July book. A later trade would be recorded in August book. See?

Tue, 07/31/2012 - 19:18 | 2666762 francis_sawyer
francis_sawyer's picture

it's just starting to sink in ~ but I SWEAR they're trying... Here's some music to help with the understanding (fully equipped with 'Kid-N-Play' haircuts)...

~~~

http://www.youtube.com/watch?v=X_PDns23RWY

Tue, 07/31/2012 - 19:31 | 2666827 IndicaTive
IndicaTive's picture

We are.

Tue, 07/31/2012 - 20:15 | 2666961 Ness.
Ness.'s picture

'Lighten up Francis..'   j/k

 

Your link, which I dug BTW, reminded me of the beautiful and appropriately somber version of "Summertime" by Gil Evans/Miles Davis.  ZH youngsters... satisfy your ears and feed your brain at the same time.  Remember the quote, "You didn't do that on your own" while you read about Gil Evans.

 

http://www.youtube.com/watch?v=N090STPx-2M

http://gilevans.free.fr/biographie_us/biographie.htm

 

Back to the Circus...

 

Tue, 07/31/2012 - 20:30 | 2667003 francis_sawyer
francis_sawyer's picture

Thx Ness

~~~

Evidently... Nobody much gets it... But it's all good...

Bottom line is (while I appreciate the Bloomberg terminal visuals here & I donate on occasion for the effort)... I fail to see the hype on this one...

SUMMER trading is what it is... ESPECIALLY in this bass ackwards market...

OCCAM'S RAZOR ~ (IOW... 'Waterfallsparkles' prolly called it right)

Tue, 07/31/2012 - 19:14 | 2666767 steveo77
steveo77's picture

1000 contracts after hours will move the market, this was probably just part of a stop rape move.   

"they" know Ben will print tomorrow, and Olympic happy little Wallstreet Boyz of the hood will enjoy their crack.     So they bought a boatload of calls while cheap, temporarily dropped the market to scare people and rape stops, and now we wait.....

they were selling, I was buying /ES.  

Tue, 07/31/2012 - 19:37 | 2666839 Central Bankster
Central Bankster's picture

Sorry, this is not what a stop run looks like.  A stop run usually comes after a huge move and it is ALWAYS on the side of the then prevailing trend (in this case an upside short side stop run is the only run we are going to see).

 

For example It would be more coherent to argue this entire move from 1320 to above the last highs at 1375 was a "stop run".

Tue, 07/31/2012 - 19:30 | 2666807 Central Bankster
Central Bankster's picture

I can answer your question.  The reason they sold before the market close is because they will get the best execution for an order of that size.  See, another market participant could go long the futures and short the cash equivalent and book a tiny spread (by netting out their long futures/short cash positions over time, but also having net zero market exposure- IE no market direction risk).  If the original seller had attempted to execute an order of 60,000 contracts at say midnight tonight, they would drive the price MANY handles lower trying to get filled, maybe as many as 5-10 handles.  the slippage here was more like 1-2 handles (which is still a huge amount of money when we are talking this many contracts, and hence why another party may be likely try to arbitrage it- thus giving the original seller slightly better execution).

Tue, 07/31/2012 - 22:26 | 2667292 Xanthias
Xanthias's picture

This actually happened at 7:00 AM on 5/30/12.  I was about to short the ES when someone bought about 40,000 contracts, which rose and fell about 10 handles in 10 minutes--a "Matterhorn" chart.  Could never figure out the rationale for the trade.  Any clues?

Wed, 08/01/2012 - 00:30 | 2667625 Central Bankster
Central Bankster's picture

I took a quick look and it appears to me to be a news driven stop run.  Probably something in Europe like Draghi comments or maybe the Spanish finance minister made comments about the safety of their banks/bonds etc.  As I am sure you know, stops near old highs or lows tend to get hit before big volatile moves in the other direction.   Whatever drove the action that morning I cannot recall, but I don't remember it being extraordinary- I could be wrong of course.

Tue, 07/31/2012 - 18:42 | 2666682 LeisureSmith
LeisureSmith's picture

Someone is looking for a new challenge.

Tue, 07/31/2012 - 18:42 | 2666683 HaroldWang
HaroldWang's picture

I watched it happen in real time and noticed that it really had no affect on other equities since they had no time to react, I suppose. Was pretty cool to see though.

Tue, 07/31/2012 - 18:43 | 2666685 Ineverslice
Ineverslice's picture

Working 3 seconds out of the day...where can I sign up?

Tue, 07/31/2012 - 18:44 | 2666687 Shizzmoney
Shizzmoney's picture

Look like someone hit CTRL-S

Tue, 07/31/2012 - 18:49 | 2666696 divedivedive
divedivedive's picture

Who is on the other side of those trades ? State Street ? Doesn't that size trade need to be pre-arranged ?

 

 

Tue, 07/31/2012 - 18:53 | 2666707 francis_sawyer
francis_sawyer's picture

What we truly need here is an amateur 'Elliott Wave' hack to come on & make sense of it all...

Surely NEELY & PRECHTER know what's going on... If not, they will by next next week when they come on and do their best ROBOT TRADER imitation & re-label their counts to show us what happened yesterday...

Tue, 07/31/2012 - 19:11 | 2666759 steveo77
steveo77's picture

Exactly, pimping liars

 

Tue, 07/31/2012 - 18:52 | 2666704 tawse57
tawse57's picture

I have no idea what this means. None. Nadda. Not a thing.

Tue, 07/31/2012 - 18:53 | 2666710 dwayne elizando
dwayne elizando's picture

POW right in the kisser. Fuck these markets!

Tue, 07/31/2012 - 18:54 | 2666715 booboo
booboo's picture

Minutes before this epic trade Waddlestien looked up at Ms. Perkynips, the new hire from Tempnymphs as said to himself, "It's my time" and proceeded to pound out the trade of the day on Ms Perkynips ass. 

Tue, 07/31/2012 - 19:14 | 2666766 francis_sawyer
francis_sawyer's picture

& it was the TRADE OF THE YEAR... BY GOLLY! ~ lol

Tue, 07/31/2012 - 19:40 | 2666853 azzhatter
azzhatter's picture

Was it good for her too?

Tue, 07/31/2012 - 18:57 | 2666727 Godisanhftbot
Godisanhftbot's picture

 What we need are PREDICTIONS, not post mortems.

Tue, 07/31/2012 - 18:58 | 2666730 Godisanhftbot
Godisanhftbot's picture

 Every event can be dissected, analyzed , examined, as if great insight was at hand.

 

  Try to use this in advance, and get back to me.

Tue, 07/31/2012 - 19:07 | 2666755 dwayne elizando
dwayne elizando's picture

ZH has been pointing out how '12 is playing jut like '11. Isn't that good enough? Buy the VIX tomorrow sell it Aug. 7th.

Tue, 07/31/2012 - 19:15 | 2666773 flacon
flacon's picture

What happens on Aug 7th?

Tue, 07/31/2012 - 21:08 | 2667103 Bringin It
Bringin It's picture

GOP convention in Tampa starts Aug 8.  What else?

Wed, 08/01/2012 - 08:54 | 2668172 dwayne elizando
dwayne elizando's picture

My xanax prescription gets filled. I like to sell any positions before I get high as a fucking kite.

Tue, 07/31/2012 - 19:13 | 2666765 NotApplicable
NotApplicable's picture

Damn son, you've taken stupid to a whole new level.

Tell me, just exactly how can one "predict" when someone else decides to pull a trigger?

Tue, 07/31/2012 - 19:03 | 2666746 Everybodys All ...
Everybodys All American's picture

You don't trade much do you.

Tue, 07/31/2012 - 20:12 | 2666953 smiler03
smiler03's picture

From what I read here everyday,nobody with a brain trades these days?

Tue, 07/31/2012 - 19:24 | 2666800 Godisanhftbot
Godisanhftbot's picture

 thats right, lets who and ha after ever big trade and make like it means something and we know the REAL truth , and how everyone else is a moron but me and thee.  And sometimes, Im not too sure about thee.

Tue, 07/31/2012 - 19:01 | 2666738 resurger
resurger's picture

Glitchz, bitchez!

Tue, 07/31/2012 - 19:01 | 2666741 walküre
walküre's picture

Quite obvious. Draghi is Bagdad Bob. He'll be preaching that the Euro is safe when nobody wants to touch any with a ten foot pole.

Don't pay any attention to what they say. They're the biggest crime syndicate to have ever ruled the world.

Tue, 07/31/2012 - 19:02 | 2666743 doc_in_the_house
doc_in_the_house's picture

insightful data!!

so flash crash coming??

Tue, 07/31/2012 - 20:48 | 2667049 magpie
magpie's picture

You can't trade flash crashes or flash spikes.

Tue, 07/31/2012 - 19:11 | 2666761 timing3435
timing3435's picture

Why sell e-mini's and buy all the ETF's?

 

Tue, 07/31/2012 - 19:45 | 2666872 ZeroPower
ZeroPower's picture

Not to say it was or wasn't the same entity doing this. Correlation desks usually buy/sell x-asset.

Tue, 07/31/2012 - 19:20 | 2666783 Zwanni
Zwanni's picture

Well, someone had to dress the July-window green, but do we see 1000 points off in DOW within a week like last year?

Tue, 07/31/2012 - 19:26 | 2666810 doc_in_the_house
doc_in_the_house's picture

the equivalent percentage drop

should be about 1400 points off in the djia

Tue, 07/31/2012 - 20:19 | 2666974 francis_sawyer
francis_sawyer's picture

You tell us... (beforehand this time)...

~~~

I have no doubt that you'll furnish us a log of your post mortem entry & exit points (all PROFITABLE, of course)...

Tue, 07/31/2012 - 22:50 | 2667364 doc_in_the_house
doc_in_the_house's picture

stupid daytraders (YOU)

don't know how to short @ peaks and RIDE til dumps..you live in a 1 minute sphere = freaking idiot. i'm already prepared for a dump.

Tue, 07/31/2012 - 20:55 | 2667058 Ness.
Ness.'s picture

Mr. Dick in da house!?!  You woundn't happen to be the guy in the "Vol-a-til-a-ty" commercial's running on CNBC by any chance?

Tue, 07/31/2012 - 19:25 | 2666797 JuicedGamma
JuicedGamma's picture

The French know how to put a stop to this... Just expand to all transactions

 

NOTIFICATION - FRENCH TRANSACTION TAX Interactive Brokers would like to inform clients of the French Financial Transaction Tax (FTT) enacted in March 2012 and which comes into force 1 August 2012. Key information regarding the tax is provided below:

Tax Rate: The rate is currently set at 0.20%

Tax Base: The tax is assessed on the purchase of certain French equities. The French Ministry of Finance has released a list of 109 French companies whose securities are subject to the FTT. The tax is due on the net position delivered on settlement date, as such purchases and sales which settle at a common depository will be eligible to be netted for determination of the tax.

Effective Date: The FTT is applicable to trades of August 1, 2012. IB anticipates charges to customer accounts shortly after this date

Transaction Types: The FTT will be applied to both exchange trades as well as delivery of shares on exercise of an option or future contract. The FTT may also be applicable to shares received from a corporate action; however at this time the full scope of the corporate action types subject to FTT is unconfirmed.

For a current list of companies subject to FTT as of August 1, 2012 click here.

Tue, 07/31/2012 - 19:24 | 2666803 I am Jobe
I am Jobe's picture

vaseline bitchezzzzz

 

Tue, 07/31/2012 - 19:24 | 2666805 I am Jobe
Tue, 07/31/2012 - 19:26 | 2666811 kjlowther
kjlowther's picture

June 29 ES vol at/near market close was 240k contracts vs today of 168k. So why is today special? Hardly a conspiracy.

Tue, 07/31/2012 - 19:37 | 2666841 Meesohaawnee
Meesohaawnee's picture

June 29 was the miracle Brian Sack Ramp up give to da boyz... what was the 28th .. negative 180 on the dow and miracle finish 6/28 and 6/29? similar but the opposite direction?

Tue, 07/31/2012 - 19:43 | 2666865 Meesohaawnee
Meesohaawnee's picture

view a 3 day chart on the SPY 6/27 6/28 6/29    smelled like  a brian sack rat. And whom had that kind of firepower? Squid. ?? Ben? Not special actually too familiar.

Tue, 07/31/2012 - 19:28 | 2666815 My Days Are Get...
My Days Are Getting Fewer's picture

Does anyone have a clue as to this:

 

If a $1.00 per transaction tax existed, how much money would the taxman have collected today?

Tue, 07/31/2012 - 19:31 | 2666823 JuicedGamma
JuicedGamma's picture

None, all trading would have moved offshore.

            ^ remaining

Tue, 07/31/2012 - 19:29 | 2666818 hannah
hannah's picture

damn...i bought those $4bil contracts. did i do something wrong...?

Tue, 07/31/2012 - 19:40 | 2666855 Savyindallas
Savyindallas's picture

Yeah you did  - big players like you get heightened scrutiny from Obama's SEC and DOJ -Obama  has no patience for insider trading  -go turn yourself in now if you hope to obtain a reasonable bond or any form of leniency.

Tue, 07/31/2012 - 20:12 | 2666952 AlaricBalth
AlaricBalth's picture

And remember to inform the authorities as to who else may be doing this, or who else you suspect may be doing this, or who else you may not like and want the feds to believe is doing this. As a reward you will get a break on sentencing and you will get to spend two years on the weight pile and in the cardio room at FPC Pensacola. As an added attraction, you will "work" on the nearby Naval Air Station and watch the Blue Angels practice very day.

Tue, 07/31/2012 - 20:06 | 2666932 putbuyer
putbuyer's picture

Dude that is funny stuff. +10

Tue, 07/31/2012 - 19:31 | 2666831 doc_in_the_house
doc_in_the_house's picture

rule #1: the INSIDERS always know...we non-insiders have to speculate

INSIDERS = company insiders OR macro insiders, who get leaks from central bankers and politicians. 

"The question remains: who waited to perform a reverse E-bay (inverse bid all in, in the last second of trading), and just what do/did they know? "

when EUR @ 1.24 last Fri. and dropped to 1.231 in minutes = the INSIDERS WERE SELLING..they must of found out of draghi's plan and not liked it...then spx @ 1386 = me short!! it got pumped to 1389..and on Monday pumped to 1392...but today's close = 1379...just riding!!

now the second layer of insiders (casino stock market) were selling today near the close.  trying best not to disturb the house of cards.

 

Tue, 07/31/2012 - 20:32 | 2666984 francis_sawyer
francis_sawyer's picture

Is Harry Wanger a MK Monarch program subject that can revive 'ad hoc' personalities at whim without having concious knowledge of what he's doing?...

Tue, 07/31/2012 - 19:37 | 2666842 chump666
chump666's picture

Excellent analysis ZH.  Everyone should look at what happened at the close and guess the next move, and it won't be pretty.  Market is hedged for QE3 on one trillion, aint gonna happen.  Also, watch Asia on open, if they start feverishly buying up USD's and their equity markets go neg...

Yes, someone knows something and the market just flinched.

Tue, 07/31/2012 - 19:48 | 2666884 Meesohaawnee
Meesohaawnee's picture

your making the assumption those asian pussies actually have  a mind of their own. ...hardly

Tue, 07/31/2012 - 21:44 | 2667181 jomama
jomama's picture

might as well check your spelling before you start flinging insults.

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