MrHanky Posted February 6, 2012 Report Posted February 6, 2012 Identical trading pattern every single day.
MrHanky Posted February 6, 2012 Author Report Posted February 6, 2012 Since thanksgiving we have had only 3 or 4 down days really,(not counting days with teeny fractional losses)... I could have moved ES 20 points all by myself today.
DrStool Posted February 6, 2012 Report Posted February 6, 2012 New York has become an afterthought in global trading. How times have changed.
MrHanky Posted February 6, 2012 Author Report Posted February 6, 2012 According to zero sledge,it's the lowest non holiday volume day in 10 years.
MisFit Kid Posted February 6, 2012 Report Posted February 6, 2012 Volume was still 26% lower than the day after the stupor bowl according to ZH. Here is my cut and paste graph for the day.....the last two hours on this graph says it all, and on ZH, they actually have an article on the machines, via animated gif that is almost true Psychedelia and somewhat disturbing....
MrHanky Posted February 6, 2012 Author Report Posted February 6, 2012 I still say this lack of volume could easily lead to a 500+ point down day...not saying it will but,just like we keep blowing through resistance,we could easily take out multiple levels of support PDQ. These markets are seriously sick,and I am not just being Mr permabear.Been still flipping some secondaries and making a few bucks here or there on these ramps,but I am not holding sh$t overnight with the risk I see to the downside at some point.
rdkyote Posted February 6, 2012 Report Posted February 6, 2012 This time lapse chart that Nanex posted over on ZH is pretty sweet. B-r-o-k-e-n.... http://www.zerohedge.com/news/presenting-rise-hft-machine-visual-confirmation-how-skynet-broke-stock-market-us-downgrade-day
DrStool Posted February 6, 2012 Report Posted February 6, 2012 I still say this lack of volume could easily lead to a 500+ point down day...not saying it will but,just like we keep blowing through resistance,we could easily take out multiple levels of support PDQ. These markets are seriously sick,and I am not just being Mr permabear.Been still flipping some secondaries and making a few bucks here or there on these ramps,but I am not holding sh$t overnight with the risk I see to the downside at some point. Snot a snowball's chance in hell with all the liquidity coming at the end of the month. Much greater chance of a mega meltup. Get daily updates on the 4 week, 6-7 week, 13 week, 6 month and 10-12 month cycle projections and multiple time frame cyclical, regression channel, and equal width channel support and resistance chart updates daily in the Wall Street Examiner Professional Edition Daily Market Update and support your community. Join NOW!
MrHanky Posted February 6, 2012 Author Report Posted February 6, 2012 Snot a snowball's chance in hell with all the liquidity coming at the end of the month. Now we will for sure crash!
DrStool Posted February 6, 2012 Report Posted February 6, 2012 Latest Story Employment, Taxes, and War February 6, 2012By Lee AdlerRuss Winter of Winter (Economic and Market) Watch and the Wall Street Examiner’s Lee Adler discuss employment and economic maladjustments caused by the tax code stimulus programs, leading to booms followed by busts. Does it matter in the face of a coming liquidity bomb? And Russ thinks that all signs point to war with Iran. In the intermediate term, stocks will go higher. This is a subscriber only podcast. If you are not a subscriber, click here to access the most recent free podcast posted on Thursday, January 19.
DrStool Posted February 6, 2012 Report Posted February 6, 2012 Lots jokes about fading me but I've been forecasting higher prices consistently since before Christmas and off and on before that.
MrHanky Posted February 6, 2012 Author Report Posted February 6, 2012 Lots jokes about fading me but I've been forecasting higher prices consistently since before Christmas and off and on before that. You have been dead on no doubt,Either we will continue to melt up nonstop (like you predicted) or it will take some type of event or severe shock to the system to stop this train. I am just picking up nickels and dimes here and there outside of my bond trades,I really don't trust this market at all and am flipping allocations of anything I get (would have made triple or more if I held) before the closing bell. Which is probably great for the bull case,nobody trusts this move...that's why it's still going.
Goldmember Posted February 7, 2012 Report Posted February 7, 2012 In my view, the up-phase the last six weeks that has allowed only sideways movement on the minor cycle downphases is about to test its first significant down-phase for most of the rest of this week. I expect to flip boolish again for next week and beyond for awhile, but this week is for the bears to claw back some cash. We shall see what happens...
Jetlag Posted February 7, 2012 Report Posted February 7, 2012 Volume was still 26% lower than the day after the stupor bowl according to ZH. Here is my cut and paste graph for the day.....the last two hours on this graph says it all, and on ZH, they actually have an article on the machines, via animated gif that is almost true Psychedelia and somewhat disturbing.... /crawls from under a rock and asks: So who won the superbowl? NY? /crawls back under a rock
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