I think will push just a little higher to 1208 before we drop fast 30 points to 1166ish. After that a fast move to 1257 to which will see a big bear flag. Then wheels come off and bear shall rejoice for a while!
What a nutzo day! I think they took it down to backtest the upper boundary of the wedgie. Every day this week, I’ve been playing the breakouts and break-back-ins and just DOING AND NOT THINKING was fairly profitable. Damn! The HFTs are going criminal crazy…either we go back down thru both ends of the wedgie or bounce off and enter a medium term rally, at least that’s what I think now. Unbelievable.
So for the FP .. let me see if I understand, on market close .. somebody throws a last second trade that is executed then the media reports closing at that level? Essentially this is market manipulation who it benefits I am a little unclear. Seems to me it would benefit institutions as they price mutual funds after market… be interested in the three sentence description.
I think will push just a little higher to 1208 before we drop fast 30 points to 1166ish. After that a fast move to 1257 to which will see a big bear flag. Then wheels come off and bear shall rejoice for a while!
Yeah these guys know they’re untouchable at the moment, so they’ve been stealing premium from both the puts and the calls every day this week.
What a nutzo day! I think they took it down to backtest the upper boundary of the wedgie. Every day this week, I’ve been playing the breakouts and break-back-ins and just DOING AND NOT THINKING was fairly profitable. Damn! The HFTs are going criminal crazy…either we go back down thru both ends of the wedgie or bounce off and enter a medium term rally, at least that’s what I think now. Unbelievable.
S&P 500 Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/09/s-500-analysis-after-closing-bell_15.html
So for the FP .. let me see if I understand, on market close .. somebody throws a last second trade that is executed then the media reports closing at that level? Essentially this is market manipulation who it benefits I am a little unclear. Seems to me it would benefit institutions as they price mutual funds after market… be interested in the three sentence description.
yea.. you could be right
http://screencast.com/t/B8vJkcNNN6K
got this from Nasdaq website After hours
Hmmm…. hard too tell if that was a late fill or a real FP? I suspect it was just a late fill, but good catch never the less. 🙂
http://screencast.com/t/7iXUPwyggS
Something just happened in the QQQ Fake Print . Not sure But it traded down there
This is why a bear should not look at the market every min. I walked away and turned the TV on and saw about 5 shows of Storage Wars on A&E lol