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Imminent and severe market correction

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Aussiejeff said:
*Possible* stock market Mega-Tsunami looming - IF Obama goes along with this "wacky" idea.
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What a joke,

Traders have become the public whipping boys.

Property market rampant speculation, the primary cause of problems and it's associated tax rorts doesn't even get a look in.
 
MRC & Co said:
You could see someone holding down the SPI in the order flow for 4 days before the US came off, obvioulsy knew what was coming, a very good leading 'indicator' IMO!
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Thanks MRC, that's what i thought.

But, where did you see the order flow? I'm gathering through an IB Account, as you can't see this through market makers.
 
Aussiest said:
When is the decision expected to be made? I wonder how much it would effect the Aussie equities market?
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Our market has been offered mainly on concerns of our interest rates moving higher along with China's. Our market has been over extended and a correction was warranted.
As for a transaction tax happening here it would be political suicide as we have a far greater concentration of super funds in equities than any other nation.
Once the dust settles with Obamas stupidity financial decisions will be made by organizations on where to play.
Remember the growth areas are in Asia not the US.
Market mentality has yet to let go of the US but it's a matter of time.
Financial centres compete for business and Asian centres must be licking their lips everytime Obama puts his foot in his.
 
lasty said:
As for a transaction tax happening here it would be political suicide as we have a far greater concentration of super funds in equities than any other nation.
.
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Cannot agree, most super funds here are run conservatively and transaction numbers miniscule to those of the big trading funds. In fact some computor currency trading systems do many to the second. A concern on this type of trading offshore (to the US mind, Wall Street starts to get done they wanna change the goal posts) was mentioned in Obamas memos some few months back.

Of course reps of the big tradies will be screaming, and via ASF too.
 
Conservaive or not 9% is added to every Payg employees Superfund each year. Already there has been an enquiry over fees.
The govt would look stupid imposing a transaction tax when it's trying to bring down fees.
Currency trading is unregulated except for futures. Already some FX platforms have moved to Australia to escape certain capital requirements.
The US thinks it's número uno in financial centres but London still runs the show.
Once China gets it act together with financial compliance expect it to muscle in.
 
lasty said:
there is an enquiry into algo trading which although appears to add liquidity they do infact destroy it.

Algo's have become so intelligent they can identify buyers and sellers behavioural patterns.
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Who is conducting this enquiry and where?

Algo's certainly do identify buyers and sellers behavioural patterns, but the major victims of this are locals, who trade regularly in big volumes. Many have fallen by the wayside and others now alter lot sizes consistently to try avoid being tracked.
 
Not sure I follow your point. Do you agree with a transaction tax? Or do you think that Obama can legislate Asian markets? Or something else.

MRC & Co said:
Who is conducting this enquiry and where?
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Treasury have a inquiry into it, anther one

http://www.theaustralian.com.au/business/super-inquiry-targets-fees/story-e6frg8zx-1225704710838
 
As there does seem to be some real concern that markets are turning down have been considering the quarterly chart for the Dow since 1970.

My chart would not be clear posted up so if someone feels my rationale worth consideration they may post for me.

This current quarter sees the Dow down, the previous three quarters have been up the second highest since 1970 and just short of the jump up in 1999 (3 straight quarters also)

The overall feel of this chart says to me that we will probably be sideways for 2 or 3 quarters then a large down spike to test the 8000 support level for the third time.

Talking to a friend yesterdays and mused on how markets seem to be held together in election years (UK, US and Aus, )

So could the end of 2010 be the big one down ?
 
explod said:
So could the end of 2010 be the big one down ?
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Could be, any time from now really.

No one can predict this.

Gann and enhanced EW 'experts' have proved that 'timing' is impossible.

The only ones who seem successful are those that continue to post and post and post and eventually they get it right. One success and they are God.

I love Marc Faber's approach to comment. Every time he has been introduced as someone who has called a top (or bottom) he simply says, 'I called it many times, eventually I will be right'.

I thought we had a chance to get out of this mess with a mild depression, but we've now put the same type of people in charge who got us into the crap in the first place.

I really thought international government minds would work a way out of this but the next phase of the solution has not come about.

Their own jobs are more important....
 
Thank god Mr Benwankee will again be flying his trusty BailOutDollaBomber on regular missions over the flaming wreck of Wall St!

Where would we be without Him?

 
explod said:
Talking to a friend yesterdays and mused on how markets seem to be held together in election years (UK, US and Aus, )

So could the end of 2010 be the big one down ?
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This may be true, but what if it were not a normal election year? In America right now, it does not look like politics as normal to me. I would elaborate but would possibly be called a conspiracy nut.

Suffice to say a war in South America isn't too far away. Don't go to Venezuala on holiday any time soon, or to Columbia (or Mexico). The organic waste is to impact with the rotating airfoil in the not too terribly distant future.
 

The SEC has certainly been investigating.

Liquidity has been eroded at certain pricing levels from Algo's identifying orders and pushing the market against them.

There has been complaints in retail trading platforms in particular market makers that pricing is skewed against some of their profitable clients.

A large complaint against a feature called " last look" on a certain platform is being investigated by authorities.
 

But wouldn't MM retail trading platforms be immaterial as the volumes would be tiny and the platform itself makes the market, i.e. it is not the 'real' maket?
 
MRC & Co said:
But wouldn't MM retail trading platforms be immaterial as the volumes would be tiny and the platform itself makes the market, i.e. it is not the 'real' maket?
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There is one platform that both wholesale players and retail brokers get a feed off.
It's currently under investigation with that feature.
 
lasty said:
Algo's have become so intelligent they can identify buyers and sellers behavioural patterns.
Click to expand...
lasty said:
Liquidity has been eroded at certain pricing levels from Algo's identifying orders and pushing the market against them.
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Are you really that stupid? If its not "big bad algos" then its some random trader doing it. All an algo is, is a trading strategy that is automated.

You should be laughing at the algo boys for being too stupid to make it as discretionary traders... and besides, do you really think that all algos have some magical edge that automatically gives them money? Just because you have a team of PHDs, co-location super computers and RT fees in the cents, doesnt mean you will make easy money. Its still hard. There are plenty of algo teams out there losing money like no tomorrow.


We dont need regulation to help save poor retail investors from their own ignorance. If they dont like the platform offered by any broker, why dont they just find another one?! Its not like any broker has a monopoly over the markets. Its a waste of our tax dollars.
 
Naked shorts said:
There are plenty of algo teams out there losing money like no tomorrow.
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Have a look at the average returns the systematic traders make. Have a look at what Winton Capital can make, have a look at their website to see what resources are available to them.
 

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