07/05/2012 Live Update

[snakehead]

I was just sent this chart. Everything is back to where it was in Europe.

Only this heavily manipulated market remains higher.

This is bullsh*t.


(The manipulation in the 'market', not your post, SWalsh!!)

If a market is "manipulated"

1) Why would you trade it?

2) Why would you trade against it?

Seems odd to me that if you believe in such things you wouldn't want to be the lone sucker at the table.

You mad, bro?

Me? mad as in angry or mad as in crazy? As far as angry, not at all

I just found the logic behind the post to be bizarre.

It's like paying to toss a ball into the hoop at a carnival for a prize. You keep paying and keep missing and getting mad that the ball won't go in. You know deep down inside that the hoop is to small and the ball is too large yet you give the carny another 5 dollars for 3 tries while complaining that the game is rigged. You are making the carny rich and yourself poor.

You would be much better off betting the throwers friend $10 that his buddy can't make the easy shot.

Troll Alert!

[SWalsh]

Hmm and what´s next? little bit more up?

EVERYTHING depends upon where the public places orders.

The reversals every day are likely because retail sells weakness and buys strength. Then they stop, and the machines turn them. It's getting the old paradigm out of ones head that interferes with viewing the mkt.

As I type this the machine is scrolling nothing but offers, and quickly too. But we didn't do anything. The government created this environment. Now, it thinks it can do socialism/communism well.

[Al_Dente]

Here’s how “Follow the dollar” worked since the 4 June bottom

[MrMiyagi]

VIX still green.

[fehro]

some possible trendlines 15m SPX.. small triangle if we turn down here...

[OverUnder]

Not to continue a pointless conversation, but there is a difference between a game being "manipulated" and being "impossible to win". The basketball example is impossible to win. The market, sometimes you can figure out the manipulation and profit from it. Of course the markets are manipulated, and to pretend they are not would be the ultimate in foolhardiness.

[ClarkW]

Here’s how “Follow the dollar” worked since the 4 June bottom

75dollar.png

Very nice, Al. Thanks!

[SWalsh]

I was just sent this chart. Everything is back to where it was in Europe.

Only this heavily manipulated market remains higher.

This is bullsh*t.


(The manipulation in the 'market', not your post, SWalsh!!)

If a market is "manipulated"

1) Why would you trade it?

2) Why would you trade against it?

Seems odd to me that if you believe in such things you wouldn't want to be the lone sucker at the table.

It's not that I have this "belief". I'm telling you facts. I'm stating that the mkt, aas it existed since "The Curb" in downtown Manhattan until mid 2009 is closed. That stock market no longer exists. Former head of the NYSE, Grasso, deeply regrets he allowed this to happen. Many lies were told as to what the trading environment would be and a few people became mega-millionaires putting in a system where portfolio management should no longer be taught in MBA programs. I met a young woman who works on a WellsFargo trading desk with an MBA in finance from Wharton and she said what she was taught about companies, valuation, risk, etc. is dead. None of them matter anymore.

I am trading it less these days because the number of times I can define an edge that is not in the realm of random have become fewer in number. For those who do not follow what I am saying, one day you will. They are trying their best to keep what they do a secret. I'm sure a lot of people hate that the book on how the market now trades aren't happy. And under "The Way Life Works" theory, all firms have sunk hundreds of millions of dollars into this to compete against other computers. It's as good a time for a major top as any. Anyone thinking that program trading is good for the market is either ill-informed or a fool. When the guy who had this idea at age 18 deeply regrets that he destroyed the markets and dragged thousands of PhDs to Wall Street when they could possibly cure cancer in a year if put together, it's coming from the horse's mouth.

[Al_Dente]

PAGING TUTTI
btw: thanks for your SHY (two weeks ago?)… quite timely in “predicting” this rally/sqz
Pez noted it made the “money flow” list (monday or tuesday)
HUGE volume 7/2 may be reversal volume (???)
What do u think?

[Tutti]

Not to continue a pointless conversation, but there is a difference between a game being "manipulated" and being "impossible to win". The basketball example is impossible to win. The market, sometimes you can figure out the manipulation and profit from it. Of course the markets are manipulated, and to pretend they are not would be the ultimate in foolhardiness.

Actually that was my entire point. You can win the game, it's just how you bet.
If you think the mkt is really being manipulated up, why would you be short? -just go long.

[MrMiyagi]

Is it just me or does it feel like a ramp up to the finish?

[ballatines]

Is it just me or does it feel like a ramp up to the finish?

support

[hiram]

bad form snakehead, why throw stones?

hiram

[Cobra]

OK, indeed it's just Fib 61.8% MM. let's see how this pullback goes before making my next call, usually another push up though.

[OverUnder]

Unless you judge that the market has been manipulated up as far as it can or should go and short there based on that.

Not to continue a pointless conversation, but there is a difference between a game being "manipulated" and being "impossible to win". The basketball example is impossible to win. The market, sometimes you can figure out the manipulation and profit from it. Of course the markets are manipulated, and to pretend they are not would be the ultimate in foolhardiness.

Actually that was my entire point. You can win the game, it's just how you bet.
If you think the mkt is really being manipulated up, why would you be short? -just go long.

[Tutti]

PAGING TUTTI
btw: thanks for your SHY (two weeks ago?)… quite timely in “predicting” this rally/sqz
Pez noted it made the “money flow” list (monday or tuesday)
HUGE volume 7/2 may be reversal volume (???)
What do u think?

crazy volume - not sure what to make of it. Someone/thing of size wanted shares

[Al_Dente]

Here’s how “Follow the dollar” worked since the 4 June bottom

The attachment 75dollar.png is no longer available

Very nice, Al. Thanks!

Dollar fighting with commodities too
Q: In a title fight: dollar v. anything …..whom would u bet on to win?

[snakehead]

Not to continue a pointless conversation, but there is a difference between a game being "manipulated" and being "impossible to win". The basketball example is impossible to win. The market, sometimes you can figure out the manipulation and profit from it. Of course the markets are manipulated, and to pretend they are not would be the ultimate in foolhardiness.

Plus my point was of course that manipulation eventually fails, and the trader who figures this out wins in the long term.

[Cobra]

2 small legged pullback already, not much damage, so bulls still ok.

[snakehead]

Not to continue a pointless conversation, but there is a difference between a game being "manipulated" and being "impossible to win". The basketball example is impossible to win. The market, sometimes you can figure out the manipulation and profit from it. Of course the markets are manipulated, and to pretend they are not would be the ultimate in foolhardiness.

Actually that was my entire point. You can win the game, it's just how you bet.
If you think the mkt is really being manipulated up, why would you be short? -just go long.

Unless you judge that the market has been manipulated up as far as it can or should go and short there based on that.

Exactly.
Thank you.
BTW "You mad, bro?" is a reference to TROLLS.