If We Have Heavy Volume Soon, Look For A Major Breakdown

Quote from Mvic:

Yes I agree. I am basically a tape reader and have noticed that in the last few sessions and certainly this morning the big lots on the ES (over 400) were printing at the bid and the smaller lots were hitting the ask. This is a change from what has been happening. The afternoon saw bigs trades on both sides. So what it looks like is that when the big lots start flying they balance each other out more or less and the smaller lots trend the market up. The real tell will be when the big lots on the buy side don't show up (I start looking for them around 12:15PM which is when you should start to think about going long if you are a dip buyer)
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I have noticed the same thing, large lots hitting the bid, and the offers getting tapped with small lots, whats annoying is how the offers get pulled and it gets jammed up by tapping the offer with small lots.
 
Quote from ByLoSellHi:

I know what you're saying, and even though emerging markets are still breaking through, we're starting to see sideways/muddling action at home.

I still say money, when given a choice, is going overseas. Who knows how long that can last for. Chinese officials apparently want to break their highly over-leveraged market sooner rather than later.

I don't believe all markets will rise in synch forever, or even much longer. We've seen breakdown of technicals in certain markets already.
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When was the last time all major world indexes we in sync like this its kind of scarry. The rush for the exits will be breath taking.
 
Quote from myminitrading:

When was the last time all major world indexes we in sync like this its kind of scarry. The rush for the exits will be breath taking.
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I went back all of history to find out what happens when the VIX is low (i.e. under 11), and I just don't see any really big selloff without a chance for people to reverse their longs...The VIX always spikes before a crash.
 
Quote from noddyboy:

I went back all of history to find out what happens when the VIX is low (i.e. under 11), and I just don't see any really big selloff without a chance for people to reverse their longs...The VIX always spikes before a crash.
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You don't see intraday vix building????

Intraday vix leads to interday vix.
 
I hope we get a drop here, I've been waiting for 3-4 days for this since last week, been warning about VIX on my blog http://lauristonletter.blogspot.com/ until I feel embarrassed because nothing happened!! Well, we have dropped 30pts on the Dow and still the VIX and other volatility indexes have not budged, so I am not sure this is the top yet. This market is the most weird/strange I have seen in a long time. It just wants to keep going up forever and short-term bears like me are getting bored. This liquidity is infinite!!
 
Quote from lauriston:

I hope we get a drop here, I've been waiting for 3-4 days for this since last week, been warning about VIX on my blog http://lauristonletter.blogspot.com/ until I feel embarrassed because nothing happened!! Well, we have dropped 30pts on the Dow and still the VIX and other volatility indexes have not budged, so I am not sure this is the top yet. This market is the most weird/strange I have seen in a long time. It just wants to keep going up forever and short-term bears like me are getting bored. This liquidity is infinite!!
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The liquidity is drying up, though. That's what is happening and is reflected in the charts.

Mutual Funds are lighter on cash than they have been since '02. They are pretty much fully invested. I'm quite sure hedgies are similarly positioned (far more so, with leverage, to be honest).
 
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