07/06/2012 Live Update

[SWalsh]

For those who did not read about some revelations coming forth from Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System (http://tinyurl.com/7tyfjym) this is a recap I posted after finishing the book. More information, and Zerohedge postings, can be found if you read last Weekend Update.

viewtopic.php?f=2&t=601&start=60

This is a completely different market than all years in US history leading up to 2008, In 2009 the SEC instituted Regulation NMS which mandates orders continually move "through the plumbing" to the best exchange where it could be filled or at the best price. And with that they handed 2000 PhDs the way to move your orders around such that it now includes HFTs/Algos in 85% of the trades you place. The estimates of what is skimmed of your orders is you work 20 years at a firm that invests in a retirement plan is $10,000 to possibly $20,000, in today's dollars, out of your retirement account. The SEC is deaf to the Mutual Funds industry cry for relief.

The very worst part? They have absolutely no idea why the Flash Crash happened. And most machines are set to go flat when volatility picks-up.

The Law of Unintended Consequences is going to be a bitch!

[snakehead]

For those who did not read about some revelations coming forth from Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System (http://tinyurl.com/7tyfjym) this is a recap I posted after finishing the book. More information, and Zerohedge postings, can be found if you read last Weekend Update.

viewtopic.php?f=2&t=601&start=60

This is a completely different market than all years in US history leading up to 2008, In 2009 the SEC instituted Regulation NMS which mandates orders continually move "through the plumbing" to the best exchange where it could be filled or at the best price. And with that they handed 2000 PhDs the way to move your orders around such that it now includes HFTs/Algos in 85% of the trades you place. The estimates of what is skimmed of your orders is you work 20 years at a firm that invests in a retirement plan is $10,000 to possibly $20,000, in today's dollars, out of your retirement account. The SEC is deaf to the Mutual Funds industry cry for relief.

The very worst part? They have absolutely no idea why the Flash Crash happened. And most machines are set to go flat when volatility picks-up.

The Law of Unintended Consequences is going to be a bitch!

<<The Law of Unintended Consequences is going to be a bitch>>


Self-organized Criticality !!

Can you say "Avalanche"?

http://en.wikipedia.org/wiki/Self-organized_criticality

[Al_Dente]

Bots are selling this at the moment (top panel)
1 min

[Auole]

the /ES still a few ticks behind. Here's tick on the DJI . all 3 confirmed GoLong.

[heavenskrow]

http://youtu.be/owH4vyyCeSA

[SWalsh]

MIchelle is either going to keep buying shoes or return the lot.

417.png

Is it too late for our own Evita Perone to run for office? Remember, she dodged sniper fire

I SEE STUPID PEOPLE

BTW, For some reason TOS only calculates back to 2006, but on not much of a move at all the McClellan hit 137 from my look at the past.

[soku]

the 1344 line and the whole picture. how long will it hold? no idea. it's not a good point to initiate any position, imho.



cougar, check my version of emd. it shows early sign of reversal. if it happens, i think we can see 1354-55 area.

[SWalsh]

http://youtu.be/owH4vyyCeSA

That's January 23rd 2009 with Hugh Hendry?

Did I miss a few years? I swear I never dropped acid!

[Petsamo]

http://youtu.be/owH4vyyCeSA

They couldn't find a better looking chick to do the interviewing ?

Break

Potential double bottom on IWM

[xfradnex]

Bots are selling this at the moment (top panel)
1 min

76one.png

Evil Bots not moving anything. But everytime I say this, something bad happens.

[xfradnex]

http://youtu.be/owH4vyyCeSA

Obama care teeth. No more " Mr. Green"

[ClarkW]

http://youtu.be/owH4vyyCeSA

They couldn't find a better looking chick to do the interviewing ?

Break

Potential double bottom on IWM

Great video heavenskrow, thanks for sharing! But I agree with Petsamo, obvious she's a British reporter. Those teeth!!

[TraderGirl]

http://youtu.be/owH4vyyCeSA

Nice....very interesting...thanks...

[Cobra]

revisiting the day low, key time.

[EvilTrader]

Cheers to all forum members NYMO believers

Once again, theres no up side or down side in any market...theres the right side and the wrong side

goo trading all.

[knock]

hope the 6/29 gap is closed so that we can have a rally later this month.

[Petsamo]

I couldn't resist. Bought 50 shares WLT @ 41.27

[OverUnder]

I wonder if they can take it down another leg with weekly opex, which likes to hang around whole numbers like SPY 135. If so they go for 134.50 or 134.

[knock]

I couldn't resist. Bought 50 shares WLT @ 41.27

no bottom sign yet, why so aggressive?

[Petsamo]

I couldn't resist. Bought 50 shares WLT @ 41.27

no bottom sign yet, why so aggressive?

You call 50 shares aggressive ? I feel cowardice.