Charting the Crash

[ducati916]

Gotta snatch that short side profit when it's there... these short covering rallies can be vicious.

As it happened I was just about to cover some futures at s2 when my broadband dropped out, had to rely on trailing stop... costly.

At least you had a back-up in place.
I've had some lousy fills today, the MM must be suffering in the volatility too that they need to steal the odd penny here & there.

jog on
d998

 

[Uncle Festivus]

Re the DOW - was this a genuine bounce on bargain hunting (Lehman, GM profits etc) or market manipulation eg PPT in action as the DOW looked like falling through the floor. Just another shorting opportunity on the second dead cat bounce ?

 

[CanOz]

Re the DOW - was this a genuine bounce on bargain hunting (Lehman, GM profits etc) or market manipulation eg PPT in action as the DOW looked like falling through the floor. Just another shorting opportunity on the second dead cat bounce ?

Just what i was thinking....PPT at its finist.

Cheers,

 

[professor_frink]

Just what i was thinking....PPT at its finist.

Cheers,

if "they" were trying to prop it up, they didn't have to work too hard at it. Volume was increasing on the move down from 1389 to 1375 on the ES, there weren't any suspicious looking volume spikes as it was finding a bottom. It all looked pretty normal to me.

 

[ducati916]

The DJIA is not really what you want to be watching. It's 30 mega-caps and is always a refuge in a flight to safety.

S&P500 & Nasdaq + Russell are the three you need to watch.

jog on
d998

 

[CanOz]

if "they" were trying to prop it up, they didn't have to work too hard at it. Volume was increasing on the move down from 1389 to 1375 on the ES, there weren't any suspicious looking volume spikes as it was finding a bottom. It all looked pretty normal to me.

Prof...if you were the man in charge of the traders on the PPT, how would you instruct them to absorb the selling?

Just playing devil's advocate here.

Cheers,

 

[Atomic5]

Cant wait for the 3rd dead cat *not*

There is something wrong in all this.

Just MHO / DYOR of course

 

[professor_frink]

Prof...if you were the man in charge of the traders on the PPT, how would you instruct them to absorb the selling?

Just playing devil's advocate here.

Cheers,

For me, it would be simple- line in the sand here- when it gets there- buy until it starts going up.

Which would generally mean some pretty big volume going through at the bottom. This morning showed nothing like that at all on the ES, and the ER2, NQ and YM were all pretty well the same.

 

[Uncle Festivus]

The DJIA is not really what you want to be watching. It's 30 mega-caps and is always a refuge in a flight to safety.

S&P500 & Nasdaq + Russell are the three you need to watch.

jog on
d998

Yes, that's right. But apparently all the rest of the world get their direction from 30 companies in the DOW, so what to do; go with the flow today.

Thats why the PPT use the dow as an amplifier by using leverage at the most opportune time for maximum effect I assume.

 

[Sean K]

Cant wait for the 3rd dead cat *not*

There is something wrong in all this.

Just MHO / DYOR of course

I'm still not sure what you're talking about here Atomic. A dead cat is a bounce UP. Why are you so worried about this? Are you short? If it's a dead cat it will go back down anyway...

 

[ducati916]

Yes, that's right. But apparently all the rest of the world get their direction from 30 companies in the DOW, so what to do; go with the flow today.

Thats why the PPT use the dow as an amplifier by using leverage at the most opportune time for maximum effect I assume.

Depends on who you define as the *rest of the world*, if it's the newspaper reading public, then quite possibly. If however it is the market traders you will be competing against, then I don't think so.

jog on
d998

 

[Atomic5]

I'm still not sure what you're talking about here Atomic. A dead cat is a bounce UP. Why are you so worried about this? Are you short? If it's a dead cat it will go back down anyway...

Next dip and bounce will be the third time. On Monday I thought this one was going to be the KO so didn't get back in.

But I was wrong, as usual.

Though I still cant believe that the resucitation isn't due to manipulation. The US is already pedling +ve inflation figures for the rest of the week, and I just see the US as one big ENRON with PPT and helicopter.

 

[dubiousinfo]

Ok I am offically confused now. Today has just given back everything from yesterday's drop. Not what I figured would happen at all.

 

[greggy]

Ok I am offically confused now. Today has just given back everything from yesterday's drop. Not what I figured would happen at all.

Welcome all to a volatile market. Just got to grin and bear it for the moment.
DYOR

 

[dubiousinfo]

As soon as things start going to plan, those pesky MM's keep widening the spread.

Life would be a whole lot easier if we had the same liquidity as the US markets.

 

[GreatPig]

Just got to grin and bear it for the moment.

Interesting choice of words...

As Baloo once said: look for the bear necessities, the simple bear necessities

GP

 

[Atomic5]

I'm still not sure what you're talking about here Atomic. A dead cat is a bounce UP. Why are you so worried about this? Are you short? If it's a dead cat it will go back down anyway...

Questions?
Do 'dips' always bounce?

When will the (next) dip not bounce? Any guesses?

 

[money tree]

recession = rate cut = weak USD = $$$ for me

GBP up around 1.95. EUR @ 1.3340. love it

 

[Kimosabi]

You know it's bad when the Bears start dancing...

 

[ducati916]

Ok charties, check out the two time periods of the DJIA;


jog on
d998