Search results

Run with the bears. The bull is dead. Last hope for the bulls this week is a surprise rate cut on Friday before options expiration. That would be quite a cheeky move by Bernanke and would infuriate those whose stops were hit the previous day. :D

Tension is starting to build as we near 1350 on the S&P. We might finally get the capitulation needed for a short term bottom.

The same excuses to firehose more money on the masses, low inflation, blah blah. lower inflation looking forward... How is inflation low with $90 oil and $900 gold?

I wouldn't try it again a 3rd time at 1370. Looks like the market is tricking the masses into believing that there is strong support at 1370, I think we bust through 1370 easily and head straight for 1350 and some panic.

It's over. The last catalyst till the Fed meeting is here. Sell the News! Hit the BID! Fast.

The clown is going to harp on the same things, I don't know how dumb the bulls are, but I don't think they'll bite twice on the same POS. I agree that the intermeeting cut is pretty much out of the equation now that we have less than 2 weeks till the meeting. If he cuts now, it is totally...

FYI, MER reported earnings last quarter at 7:30 am EST. I was bored so I looked it up.

Usually these banks report earnings between 7 - 8 AM EST.

Tough crowd here. The buy program showed up. It was met with vicious selling. Not all buy programs go off without resistance, there was heavy resistance to this one.

Hahaha. :) :) :) Did you only read the first message? I called the moved the whole way from the buy program to the selling in the final hour. :D

Keep trading off the news and rumors there, I'm sure you'll do great in the long run that way!

This from a guy who was long the market ahead of the jobs report a couple Fridays ago! I called the buy program and acknowledged that there was a sell program and real sellers jumping on the bids about an hour ago. Well, at least it lets me know why most traders lose money.

Real selling here. The buy program can keep the market up for so long in the face of a bunch of sellers. People don't want to hold long here in this treacherous environment makes it hard to have a strong close.

Statistics like that are why I don't use historical data for determining trading decisions. March 2003 and January 2008 are totally different trading environments with totally different fundamentals. Only a dumb statistic (TRIN) and arbitrary number (4 on the TRIN) will come up with these...

LOL. FNM and FRE rumors are really going to move the ES 12 points without any kind of program operating. OK. You believe everything the media feeds you. There ALWAYS has to be an explanation for the price moving, right? Markets are often moved, for various reasons, which you obviously...

You obviously confuse real selling with sell programs. Those who watch the markets daily know that there have been a ton more buy programs than sell programs over the past 6 months. Anyway, you're the guy who thinks the Fed still hasn't lowered interest rates. LOL.

The beige book was at 2:00, the buy program was launched at around 2:30. There was no news at the time.

The spike in volume (usually 3+ times normal volume) with a spike in price and relentless buying/selling on no news with very shallow pullbacks which are immediately bought/sold in 1-2 minute time frames. There is no set definition, but you know it when you see it. One of the tell tale signs...

It isn't how much higher that the market goes that determines whether its a buy program at work. Its the price action. When you see a huge spike in price on no news that keeps going and then dies out, that is a buy program. It is meant to move the market, but sometimes there are sufficient...

I was referring to the buy program that started at ES 1385 and took it to 1397. 12 points in about 15 minutes. Looks like a trap now because a sell program just hit 5 minutes ago. Refer to my principles on program trading.