06/28/2012 Live Update

[Chrys]

TraderGirl - if you have time pls take a look at NUGT. No sure if we are done correcting. Much appreciated. Chrys

[SWalsh]

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

yes it is....go look at 3 PM on Oct 10, 2008 to see the power of the Dark Side when the PPT boys want to tell their associates that "IT MUST BE DONE"

Predictoon...sell off AH in next 15 minutes....longs caught.

[Petsamo]

347 K last sell on IWM
900 K last sell on SPY

[louie]

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...

I personally agree with you. That's why I posted that link... it backs up everything you were saying. I don't think we will ever have a "real" market again unless/until some handcuffs start being broken out!

[SWalsh]

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

Are you referring to our long lost Minor 3?

It might still be lost....As Mr T said, "this is crap"!

This reminds me of a Kafka book. here's a summation and what you will NEVER see again in these markets as long as sanctioned institutional rape of clients is allowed:

"Before the Law"

A man from the country seeks the law and wishes to gain entry to the law through a doorway. The doorkeeper tells the man that he cannot go through at the present time. The man asks if he can ever go through, and the doorkeeper says that it is possible. The man waits by the door for years, bribing the doorkeeper with everything he has. The doorkeeper accepts the bribes, but tells the man that he accepts them "so that you do not think you have failed to do anything." The man did not attempt to murder or hurt the doorkeeper to gain the law, but waits at the door until he is about to die. Right before his death, he asks the doorkeeper why even though everyone seeks the law, no one else has come in all the years. The doorkeeper answers "No one else could ever be admitted here, since this gate was made only for you. I am now going to shut it."

[KeiZai]

Hello channel

[ClarkW]

Having trouble with stockcharts.com not refreshing even though I select 'yes' on drop down. Anyone else having this issue or just me?

[SWalsh]

Hello channel

I reloaded into this after seeing that overlap at the bottom. But I have seen that be a running correction and daggers falling, plus I was not seeing a divergence on some things I use, so I could not go long.

This was the best call I've made to a few guys offline in a long time. I said they would not let the conservative talk show hosts be able to say "look what happened....business knows he just killed them".

It has been said that if one doesn't vote they have no right to complain. And I agree as there is still a choice between the lesser of two evils. In this case, if one pulled the (D) lever in 2008, well, now would be a good day to complain.

[happychen]

上不了胡同的日子不好过， 胡同上周有一条线 “在国内怎么进胡同”，或类似的题目，有人回答了，可是俺没有记下了。 哪位大侠能不能把答案 copy 过来？ 谢谢了。

[SWalsh]

spx...

I sent that wave count to some friends a few days ago (that this is C of a flat and finishing) and said it's how everyone gets screwed and Obama gets elected as we see new highs for no reason.

[SWalsh]

as a physician, I thank Obama for having a healthcare plan at last! Imperfect, but a start.

Don't worry, most Physicians know that obamacare worsens quality, increases cost of healthcare and adds weight to the sinking ship that is the USA. And some of us believe in freedom above "free"-healthcare.... As a fellow physician. Sorry for off topic. That had to be responded to!

Anyone can claim he's a physician or some big shot. Readers will have to use their wisdom to (dis)believe people's claims based on the intelligence (stupidity) of their statements.

I'm Mr. T = and that's the troof.

ROTFLMAO!

[Mr. T]

Watch - there won't be any Euro news come out.........

The miracle rally...... of nothing.

How do people have this much hope still. Oh, it has nothing to do with people - I keep forgetting.

[SWalsh]

Watch - there won't be any Euro news come out.........

The miracle rally...... of nothing.

How do people have this much hope still. Oh, it has nothing to do with people - I keep forgetting.

You seriously need to watch "Colossus: The Forbin Project". Machines watch EVERYTHING....like Bloomberg.

[Mr. T]

They just found Holder in contempt......

I say they start with Holder, then move on to Ben, Liesman, and Cramer.

Hold them ALL in contempt = I do.

[Mr. T]

ZH reporting that the miracle rally was a "Fat fingers" event of 50k ES futures bought in one go.

Who has that much cash to do that????

[insert picture of Ben trying to look innocent]

[xfradnex]

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Mr. Miyagi. You are sitting on gold. Do hft spikes line up with P bars. I have heard that hft probs for price stops lay outs. I would make the assumption that if a p bar appears, then they have a valid target to shoot for. I would assume they must have enough real stock saved up in reserve to carry out one of these moves we saw today. Also the targeted move must have a large enough price difference to make it worth while. Another assumption would be that they would try their move when market volume was the lowest for the day. Since they made their move they now, they have to sell their stock in a manor that will not cause them to lose money. We are safe from another "long" attack for awhile.

[TraderGirl]

TraderGirl - if you have time pls take a look at NUGT. No sure if we are done correcting. Much appreciated. Chrys

So far looks like we could see a minor wave (v) down to complete wave 5, if it is finished correcting....

wouldn't want to see go below 78.6% retrace....

Expecting an three wave (abc) move up....we'll see....

[TraderGirl]

Tomorrow could have a big move...energy graphs show down...astro's say we have a negative sun opposite pluto square uranus...so...we will see..charts show gap down...???

[xfradnex]

Paging DrAl.
UNG a year ago 11/12 streak. No ones biting on my last comment above. Mr Myagi's P-bar today was unbelievable.

[xfradnex]

Tomorrow could have a big move...energy graphs show down...astro's say we have a negative sun opposite pluto square uranus...so...we will see..charts show gap down...???

Maybe- Hope the HFT pirates are out of ammo.