Cobra wrote:update. still no clue but I guess bears are over.
This is, I hope, especially for the benefit of any lurkers who are looking to start trading as the books you probably bought are going to, in all likelihood, get you killed.
The only thing that matter is on the chart below. 15% of listed stocks got hit with massive quote stuffing in one second. The largest one I have ever seen.
Now, who has the power to do such a thing? No one followed it up as you can see with another stuffing. Just one consortium at the exact same moment in a rigged game (hooked within feet of what is now the exchange) that floats on air in a nation led by a crime organization. And if you draw a channel (of which I posted a few examples last week but strangely, no one said a word about it as to what they are doing) you got long.
Oscillators don't matter anymore as TA doesn't matter. They are eating them up as they game them. This is the market and it is like nothing before in history. And I'm sure they plan on bleeding it to death until it is computer vs. computer in a "Race to Zero", which Nanex wrote of because he who is fastest, now robs from the other guy. SPX 3000, SPX 2500, SPX 1000, none of that matters. This is not a valuation of America's industry. It is a crap table with loaded dice now. The SEC refused to regulate quote stuffing and they just went to town.
"Draw the Lines, Luke....Draw the Lines" 