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Technical Analysis Fallacy

  • #14,921
  • May 6, 2010 10:31pm May 6, 2010 10:31pm
I was shocked by his mistaken profit, didn't notice the details. Now your detailed analysis makes more sense than the news.
  • #14,922
  • May 6, 2010 11:51pm May 6, 2010 11:51pm
if they really did sell 16B , they wld have profited at least 1B in that 10 mins ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #14,923
  • May 6, 2010 11:57pm May 6, 2010 11:57pm
Quoting maheswara
if they really did sell 16B , they wld have profited at least 1B in that 10 mins ...
Sounds like Soros strikes again lol.
  • #14,924
  • May 7, 2010 12:44am May 7, 2010 12:44am
of course, they can sell 16B and buy back 16B by just winking.
  • #14,925
  • May 7, 2010 3:45am May 7, 2010 3:45am
looks like they didnt , citi's total volume for the day was just 9B ...

probably group of ppl capitalizing on the way high frequency AI are designed ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #14,926
  • May 7, 2010 4:01am May 7, 2010 4:01am
Morning all,

from Bloomberg

The Securities and Exchange Commission aims to determine if market participants accidentally or maliciously entered orders that derailed normal trading, the people said, declining to be identified because the inquiry isn’t public. The agency will also examine if controls to prevent the rout from snowballing weren’t in place at exchanges and firms.

SEC officials, who haven’t drawn conclusions, began preparing for inquiries in the hours after a U.S. selloff triggered by Europe’s debt crisis briefly erased more than $1 trillion in market value, beginning around 2:40 p.m. in New York.
  • #14,927
  • May 7, 2010 5:06am May 7, 2010 5:06am
So, winners cashed out $1 trillion. yummy
  • #14,928
  • May 7, 2010 5:07am May 7, 2010 5:07am
A recording from the S&P trading pit during the time of the fall. This is the sound of billions being wiped out.

http://www.zerohedge.com/sites/defau...et%20Crash.mp3

Also, from Bloomberg: "The Bank of Japan said it would pump 2 trillion yen ($21.8 billion) into the financial system to help stabilize the market after the Greek debt crisis set off a plunge in stocks worldwide."
  • #14,929
  • May 7, 2010 6:57am May 7, 2010 6:57am
Hi, guys

Did you make a fortune yesterday or caugth a falling knife, lol
I was on the sidelines with 2% profit and just watching, didn't dare make a move
Fti, when you were at the bank what was the MO during crashes like yesterday. I guess now you can choose whether to trade the crash or not, but back in the time it must have been your job to trade it. It would be very interesting to hear your response

Regards, MyTbo
  • #14,930
  • May 7, 2010 7:32am May 7, 2010 7:32am
10% unemployment written ...
wats the real value then ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #14,931
  • May 7, 2010 8:14am May 7, 2010 8:14am
eyes on e/u 2682 watching for direction, scout in.

no rescues will cut and turn.
  • #14,932
  • May 7, 2010 8:59am May 7, 2010 8:59am
2710 / 2670 seem the areas of concern atm
  • #14,933
  • May 7, 2010 9:12am May 7, 2010 9:12am
EXTREME VOLATILITY this morning, best to down size if your in the markets today
  • #14,934
  • May 7, 2010 9:21am May 7, 2010 9:21am
Quoting auxesis
EXTREME VOLATILITY this morning, best to down size if your in the markets today
what? why?

the last few days up to about a few minutes ago have been the most profitable for me. ever. volatility like this = noobs paradise. i'm done for the week though because it's late and it's getting close to when the market winds-up for the week and i don't feel like getting caught-out on that last push hitting the wrong direction and taking some of my profits.

can't think of anything worse than a slow-moving market.
Congratulations ScalaFX for coming out of the closet!
  • #14,935
  • May 7, 2010 9:32am May 7, 2010 9:32am
Dow falling like a rock. Fat finger my @ss. All currencies went wild again. Riding EJ now.

Edit: The Bloomberg website is overloaded for the second time for the last 24h, LOL
  • #14,936
  • May 7, 2010 10:01am May 7, 2010 10:01am
Quoting Setebos
Dow falling like a rock. Fat finger my @ss. All currencies went wild again. Riding EJ now.

Edit: The Bloomberg website is overloaded for the second time for the last 24h, LOL
Fat fingers?
Kidding us. B.S.
Check a bunch ETF last night.
Market is below sma(50)
so
I read charts as going south.
Cheers
Empty as water and soft as a facing wind mountain
  • #14,937
  • May 7, 2010 10:08am May 7, 2010 10:08am
Quoting luSan
Fat fingers?
Kidding us. B.S.
Check a bunch ETF last night.
Market is below sma(50)
so
I read charts as going south.
Cheers
The fat finger thing was one of the official theories on what happened yesterday (the guy from Citi placing the billions instead of millions order). Utter BS imo.

Anyway, lets dance.
  • #14,938
  • May 7, 2010 10:20am May 7, 2010 10:20am
Quoting Setebos
The fat finger thing was one of the official theories on what happened yesterday (the guy from Citi placing the billions instead of millions order). Utter BS imo.

Anyway, lets dance.
Dow just turned positive, 120 pip euro + run......... E/Y +193 = 15 minute run

someone earlier was asking why to downsize?

edit 10 minutes later Dow now down 120. ROLF!
  • #14,939
  • May 7, 2010 10:27am May 7, 2010 10:27am
Quoting auxesis
Dow just turned positive, 120 pip euro + run......... E/Y +193 = 15 minute run

someone earlier was asking why to downsize?
yeah why downsize?

wouldn't that have just been the weekend unwind? does this not happen about now every week?
Congratulations ScalaFX for coming out of the closet!
  • #14,940
  • May 7, 2010 10:30am May 7, 2010 10:30am
Quoting nubcake
yeah why downsize?

wouldn't that have just been the weekend unwind? does this not happen about now every week?

By all means then, double up, go big or go home.
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