06/28/2012 Live Update

[TraderGirl]

Apparently Angela Merkel cancelled a conf call that was supposed to be tonight, and JPM cut their losses in half of what they thought they were to be....1/2 of 9 bil?

[Petsamo]

I wonder if we're gonna race down

[SWalsh]

Oh those crazy machines...this is often met with a turn around...we'll see...where is Susan Powder when you need her? (anyone get that?)
(From HFTAlert)

Your charts sure show what happens..Thanks.

If I knew WHEN that was going to happen I would trade for 1 month like the guy in "Limitless".

[dr659]

Its better to be on the sidelines and missing out then to be participating on the wrong side, Or something like that

[Cobra]

I'm still in shock. no no no it cannot be true, it's just data error.

[CMT]

But let's not rule out this as this could be an ugly opening indeed:

Are you referring to our long lost Minor 3?

[MrMiyagi]

I think that about does it for today..

[KENA]

Welllllll Al_Dente..Enough for 1308 today.

[Mr. T]

What bull crap.........

[fehro]

pink channel? or red triangle?

[Tabby]

I'm still in shock. no no no it cannot be true, it's just data error.

Mr. P bar.

[dr659]

break down finally, but not enough yet.

double bottom formin on ES

this is scary
hyper rally?
stops on

Hyper rally

[louie]

Mr M.... you can take your finger off that turbo button now. We get it - you and Goldman OWN this market!

[SWalsh]

Would anyone care to debate me on market manipulation by the Fed and the banks after the close for 10 minutes after seeing this?

If you didn't trade for at least a few years leading into 2009 then you have absolutely no reference point as to how this was impossible trading before then. Pure speed has compressed daily moves literally into seconds as well as allowed manipulation to be rampant as the SEC and FBI can't even understand what is happening. And don't think that these highly paid HFT guys haven't signed non-disclosure agreements because not one has written about the real inner workings.

1500

EDIT: If you slammed me today and I missed you it was only because Cobra asked us to play nice...

[Cobra]

Mr M.... you can take your finger off that turbo button now. We get it - you and Goldman OWN this market!

[MrMiyagi]

Mr M.... you can take your finger off that turbo button now. We get it - you and Goldman OWN this market!

Ah yes.. that is why I post here....

IWM might top for today at 77.23$.

[Al_Dente]

Welllllll Al_Dente..Enough for 1308 today.

brutal

[SWalsh]

pink channel? or red triangle?

I'm going with triangle...it's been an option of mine since last night.

[fehro]

battle to stay above purple trendline

[Cobra]

well, guess that's it for today. I need dig a little more before blah blah, so I'll see you in today's trading signals.

I had a bad day, lost 3 trades in a row (rarely rarely rarely happens), totally forgot the health ruling, made only 1/3 back with the 4th and 5th trade. The good news is I was disciplined enough not losing my cool (by trying to get all back right away) although the losses were huge.

Thank you guys, I'll see you tomorrow.