WTF!!!!!!! Major Dump

Quote from intradaybill:

Market is doing the exact opposite of what the majority thinks at a given time. This is a strong indication that the market is rigged that way. Bonds are rallying because debt increases, this is crazy. The opposite should happen. Dollar sharply higher and stocks down. The opposite should happen.
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Thus:

Trade what you see, not what you think.
 
Don't you guys think that this is all Ex-US equity managers selling to square up equity and avoid currency risk? Its what I would be doing if I was in their position. You can manage the currency risk, but less so the counterparty risk so perhaps better to take it off the table for now.

Anyone with a clue seeing flows?
 
Quote from intradaybill:

Too much option buying by retailer speculators is causing the volatility and it will take a couple of days or even more for the MMs to decide in which direction is to their advantage to move the market.
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W H A T ?????????????


Options are a small element of the overall scheme.


The retail proportion even smaller. I think YOU can relate to small.


Gap up and sell off, specialist/market maker in unisom by design with an alibi.
 
I'm getting long if we make another new low... looks like this is going to be a intraday bear flag now... if we break to make a new low I will try to get long (seems like it will be around 2pm) for the fade. I expect to test yst lows today.

Even if it's a trend down day I like the risk-reward being long near the close... doubt there will be panic selling.

If we do close below ysts low then we'll have an outside day on the daily chart... interesting. Prob will catch a lot of TA traders short. Debt = inflation imo, not USD strength.

In other news this USD strength is nice considering my parents just flew to Barcelona for their summer vacation.
 
I really want this market to take a dump... make a new low... and when the momentum fades I will buy it. Def not looking to fade any rallies.

I'm curious when the volume picks back up how much momentum there will be on the puke or rally.
 
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