“On 21 June 2002, data sources began reporting volumes 1000 times higher than past history, and have continued to do so. No explanation is available.”
I'm sure that some reasons are more people in the market, an explosion in options trading, easier trades via PC, smaller broker commissions, etc., but I would bet dollars to donuts that a lot of it is the bots playing Pong with prices all day.
As I have mentioned before, I had been out of the market for over 30 years until recently, and the changes are astonishing. A day in the market is exceedingly artificial, as I would imagine a visit to Disney World or a bored prostitute (I have avoided both in my life). Always the same false excitement at the opening and a cliffhanger close.
“Hope you had a real nice time today. Come back again soon!”
To answer your question, in my video I thought we would go up to 11816 by June 25th, but last week when the market was falling, I changed that outlook to June 25th being a low, not a high.
However, with the recent hot air pumped back into the market, I'm clueless as to what is going to happen on June 25th? Maybe the high after all, or a super crash next week and a low on June 25th?
The market isn't making any kind of logical sense right now. It's rallying on absolutely horrible news! WTF? Seriously… I don't know what to expect next week, or even tomorrow. Although we should sell off some tomorrow, but with the Skynet computer running things… anything can happen.
Ok, so I just followed some earlier parts of other threads with IlliniKap and now I understand a bit more of your thinking…sorry…noob, and all… (sheepish grin)
Hi Leo…this is my first time here and I loved your video posted back in May on the “misprints” on FX Factory. Amazing research and deduction. Just saw it and was blown away….Just wondering based on that video why in all of your current posts on this site you are expecting a short in the SPX/Y currently when you said you thought that June 25 with a target of 11816 was likely? Has something changed to alter that viewpoint? Thanks for all you do.
I am not certain that it is accurate. My POV (based on a synthesis of various opinions plus mine) is that 1040 was an important low and the market will trend higher for a while.
Speaking about tomorrow, it might be a red day (remember the Spiral dates graph which identifies the June 17th spike? – usually a low).
So, perhaps tomorrow a good day to unload shorts and repurchase them at a higher SPX level.
We all know that the 26th will be a pivot day; so far it looks like a high ….I doubt that the market can make a significant and furious low here.
Also keep in mind that Merriman said that the April 26 high – June 10 low was market by Jupiter-Saturn exchanging positions. He then said that once the down move was over (say June 10th) that there will be an abrupt counter move of almost 1,000 Dow points…so far the Dow has captured almost 600 points on the upside (from roughly 9800 – 10400).
All of this of course is highly subjective and I must agree that perhaps I am confused ….but that's as far as I can tell.
What's your view? Still expecting the Pesavento episode?
That pic is awesome!
This statement from a site from which I gather market data (http://unicorn.us.com/advdec/):
“On 21 June 2002, data sources began reporting volumes 1000 times higher than past history, and have continued to do so. No explanation is available.”
I'm sure that some reasons are more people in the market, an explosion in options trading, easier trades via PC, smaller broker commissions, etc., but I would bet dollars to donuts that a lot of it is the bots playing Pong with prices all day.
As I have mentioned before, I had been out of the market for over 30 years until recently, and the changes are astonishing. A day in the market is exceedingly artificial, as I would imagine a visit to Disney World or a bored prostitute (I have avoided both in my life). Always the same false excitement at the opening and a cliffhanger close.
“Hope you had a real nice time today. Come back again soon!”
SP 500 end of day analysis
http://niftychartsandpatterns.blogspot.com/2010…
Testing…
SUN chart
Red!
I don’t think SUN should be this high…34-35
SUN CHART
To answer your question, in my video I thought we would go up to 11816 by June 25th, but last week when the market was falling, I changed that outlook to June 25th being a low, not a high.
However, with the recent hot air pumped back into the market, I'm clueless as to what is going to happen on June 25th? Maybe the high after all, or a super crash next week and a low on June 25th?
The market isn't making any kind of logical sense right now. It's rallying on absolutely horrible news! WTF? Seriously… I don't know what to expect next week, or even tomorrow. Although we should sell off some tomorrow, but with the Skynet computer running things… anything can happen.
Ok, so I just followed some earlier parts of other threads with IlliniKap and now I understand a bit more of your thinking…sorry…noob, and all…
(sheepish grin)
Hi Leo…this is my first time here and I loved your video posted back in May on the “misprints” on FX Factory. Amazing research and deduction.
Just saw it and was blown away….Just wondering based on that video why in all of your current posts on this site you are expecting a short in the SPX/Y currently when you said you thought that June 25 with a target of 11816 was likely? Has something changed to alter that viewpoint? Thanks for all you do.
Something is brewing in the world of treasuries. They should be dropping heavily into the strength in equities.
http://www.screencast.com/users/dreadwin/folder…
Red:
I am not certain that it is accurate. My POV (based on a synthesis of various opinions plus mine) is that 1040 was an important low and the market will trend higher for a while.
Speaking about tomorrow, it might be a red day (remember the Spiral dates graph which identifies the June 17th spike? – usually a low).
So, perhaps tomorrow a good day to unload shorts and repurchase them at a higher SPX level.
We all know that the 26th will be a pivot day; so far it looks like a high ….I doubt that the market can make a significant and furious low here.
Also keep in mind that Merriman said that the April 26 high – June 10 low was market by Jupiter-Saturn exchanging positions. He then said that once the down move was over (say June 10th) that there will be an abrupt counter move of almost 1,000 Dow points…so far the Dow has captured almost 600 points on the upside (from roughly 9800 – 10400).
All of this of course is highly subjective and I must agree that perhaps I am confused ….but that's as far as I can tell.
What's your view? Still expecting the Pesavento episode?