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Sticky shenanigans


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It's amazing how the down volume on ES is 5 or 10 times the up volume every day...

 

Then who is supporting these levels? More sellers than buyers would lead one to think price decline but yet we continue to levitate unless there is an implicit put under the market that is not transparent (nothing paranoid but the math just don't add up).

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Then who is supporting these levels? More sellers than buyers would lead one to think price decline but yet we continue to levitate unless there is an implicit put under the market that is not transparent (nothing paranoid but the math just don't add up).

 

Simple

 

They clear out the sellers or weak hands and reverse it,they know it's much easier to move up when the volume plummets.So they wait for volume to bottom out and then take it up on fumes....the weak hands are done so they jam it almost risk free.

 

 

Not hard to do for the guys with the big bucks,but it only works for so long.It also costs less to ramp it when volume is gone.It paints their tape on the cheap while letting people out...

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zero_value

 

Then who is supporting these levels? More sellers than buyers would lead one to think price decline but yet we continue to levitate unless there is an implicit put under the market that is not transparent (nothing paranoid but the math just don't add up).

 

Goldman? No wait... my bad probably the russian right... I keep forgetting "wrong hands".

 

Goldman Sachs may be harmed if the software is disseminated.

 

“The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,” Facciponti said, according to a recording of the hearing made public yesterday.“The copy in Germany is still out there, and we at this time do not know who else has access to it.”

 

 

Full article: http://www.bloomberg...id=axYw_ykTBokE

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QQQ looks like a really clean breakout,everyone now chasing tech,bears in trouble unless QQQ takes out $59.50 or better yet 59.00.

 

Below $59.00 would probably mean a major top in tech,but bulls still powering ahead for now.We either have a massive breakout or the headfake of the century....

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