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Something blew up...Ticker Forum...
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Something blew up...Ticker Forum...
by roccman » Sun 04 May 2008, 22:57:19
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
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roccman - Light Sweet Crude
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Re: Something blew up...Ticker Forum...
by Atlantean_Relic » Sun 04 May 2008, 23:10:27
And I'm sure tommorrow we'll see a 300 pt climb in the markets and the MSM blathering how great the state of the US economy and industry is.
Was a long and dark December
When the banks became cathedrals
And the fog
Became God
When the banks became cathedrals
And the fog
Became God
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Re: Something blew up...Ticker Forum...
by Novus » Sun 04 May 2008, 23:13:36
Gold was pretty over sold in the last few weeks. It is about time it starting playing catch up. Overall nothing to see here.
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Novus - Intermediate Crude
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Re: Something blew up...Ticker Forum...
by rostov » Mon 05 May 2008, 15:55:06
Aw c'mon Roccman, let the trader's do their work. We keep PO-related stuff here yar?
It's basically the same over here in PO instead of TF : our preps currently are experiencing a theta burn right now : notice that a few of us basically have given up being self-sufficient? (weak bears) But the hard core ones keep going on (pops, aaron, heinekien, olaf, etc).
We're ready (sorta) for any sort of acceleration event either on the SPX/RUT/NDX/TLT/TNX/IRX/BIX/BKX(/VIX) to set our preps in place. Same for WTI/USO/etc. Same for COW (rice, wheat, etc). Same for $DXY. Anyway, we still need a confirmation of the turn date for this week before making enough of a case for a reversal. I know last night (this morning for me) the bonds/currencies/futes had all bad prints on Schwab/Fid/TOS/etc. I know WB is talking his book.
I suppose such warnings of their mark-to-market/lev3/acceleration-event will serve a whipping warning to us PO'ers here to giddy up our plans. But it'll take quite a bit of effort for most folks here in po.com to understand what PIka and Nothing and BW and Pcap discuss heavily about (e.g. cost of government debt and T's as CDOs)
I'd rather start screaming when we actually have a SPX past 1220 and touching 1070, then up to whatever fib you want, then back to SPX 800. We're talking years man. Maybe we should put up at SPX daily/weekly for 2000-2003 for a timeframe approximation?
Nothing to see here folks. Let's get back to the raft building.
It's basically the same over here in PO instead of TF : our preps currently are experiencing a theta burn right now : notice that a few of us basically have given up being self-sufficient? (weak bears) But the hard core ones keep going on (pops, aaron, heinekien, olaf, etc).
We're ready (sorta) for any sort of acceleration event either on the SPX/RUT/NDX/TLT/TNX/IRX/BIX/BKX(/VIX) to set our preps in place. Same for WTI/USO/etc. Same for COW (rice, wheat, etc). Same for $DXY. Anyway, we still need a confirmation of the turn date for this week before making enough of a case for a reversal. I know last night (this morning for me) the bonds/currencies/futes had all bad prints on Schwab/Fid/TOS/etc. I know WB is talking his book.
I suppose such warnings of their mark-to-market/lev3/acceleration-event will serve a whipping warning to us PO'ers here to giddy up our plans. But it'll take quite a bit of effort for most folks here in po.com to understand what PIka and Nothing and BW and Pcap discuss heavily about (e.g. cost of government debt and T's as CDOs)
I'd rather start screaming when we actually have a SPX past 1220 and touching 1070, then up to whatever fib you want, then back to SPX 800. We're talking years man. Maybe we should put up at SPX daily/weekly for 2000-2003 for a timeframe approximation?
Nothing to see here folks. Let's get back to the raft building.
regards,
Rostov
"Some {} are more equal than others"
Rostov
"Some {} are more equal than others"
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Re: Something blew up...Ticker Forum...
by roccman » Mon 05 May 2008, 16:13:49
$this->bbcode_second_pass_quote('rostov', ' ')the bonds/currencies/futes had all bad prints on Schwab/Fid/TOS/etc.
Nothing to see here folks. Let's get back to the raft building.
Nothing to see here folks. Let's get back to the raft building.
Volumes not price action were bad prints...
"fat finger" Monday...
You remember the last "fat finger" we had.
Buckle up.
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
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roccman - Light Sweet Crude
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Re: Something blew up...Ticker Forum...
by rostov » Mon 05 May 2008, 17:07:44
$this->bbcode_second_pass_quote('roccman', '
')Volumes not price action were bad prints...
You remember the last "fat finger" we had.
')Volumes not price action were bad prints...
You remember the last "fat finger" we had.
Yeah, I must be smoking a tree when I typed that. Timezone-lags kills me everytime.
However, we'll see. Those handles that came off EVERYTHING will NOT be a fat finger trade if they get to keep the scalps, unlike what we had in the past. Need confirmation.
Ditto. Buckle up. Up or down on the SP ain't gonna be enough to prop the numbers up for government receivables (T's)
regards,
Rostov
"Some {} are more equal than others"
Rostov
"Some {} are more equal than others"
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rostov - Lignite
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Re: Something blew up...Ticker Forum...
by PeakingAroundtheCorner » Mon 05 May 2008, 17:25:14
What the hell are ya'll talkin' 'bout?
No, really.
No, really.
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PeakingAroundtheCorner - Tar Sands
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Re: Something blew up...Ticker Forum...
by seahorse2 » Mon 05 May 2008, 17:32:28
I'm ignorant about this too, what is a "fat finger"?
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seahorse2 - Expert
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Re: Something blew up...Ticker Forum...
by roccman » Mon 05 May 2008, 18:34:21
$this->bbcode_second_pass_quote('PeakingAroundtheCorner', 'W')hat the hell are ya'll talkin' 'bout?
No, really.
No, really.
here
$this->bbcode_second_pass_quote('', 'L')ast night out of the middle of nowhere we had a huge downward spike in the futures market. Much time and effort was spent trying to figure out if it was a fat-fingered trade (as occurred in January), but Globex said no, and the trades stood.
The interesting thing about this was that it didn't have the appearance of a "fat finger" mistake at the time; it was across all markets, including Treasuries and The Dollar, Gold, and the futures in all three primary indices, and was accompanied with real volume.
Was that someone bailing on a long or getting aggressively short ahead of a potential explosion? Its impossible to know with certainty, but we never did see an actual mushroom cloud, so its difficult to know what was in the mind of person(s) involved. But a 15-handle move in seconds accompanied by volume in the overnight session certainly wakes you up fast when you're casually glancing at your computer!
I'll note that the last time we saw this sort of "overnight dislocation", which at the time was claimed to be a "fatfinger mistake" by Globex (and resulted in thousands of busted trades), we started a precipitous decline in the market that spanned several days the next morning.
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
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roccman - Light Sweet Crude
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