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Looks like computer driven HFT to me


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#1 nimblebear

nimblebear

    Welcome to the Dark Side !

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Posted 06 May 2010 - 04:01 PM

The only surprise about this is it didn't happen sooner. This will be analyzed for months, if not years, but the interesting thing is a lot had been happening to pre-sage a fairly substantial decline yet few in media commented on it up to now. heavy signs of the PPT that had been in action for months, on low volume, with a market going up virtually uninterrrupted, basically were ignored along the way. Vix was ignored, or blown off, all internal divergences were largely ignored, world problems like Greece had been ignored and everyone kept saying that all the bad news has been discounted, so we should up forever, or if it dips 10%, its an opp to buy. Whether it was an "error" which I highly doubt, this market has been so susceptible to a plunge and sentiment levels so high just like those back in 07, that to believe it made sense to go long, be long, stay long, you had to of had your proverbial head in the sand. My positions that are the only ones I have did great today: SRS VXX SDS DXD QID In a 401k which is the only way to short available to me. Aren't stops just peachy ? This is why I dont use them. They dont work when there are no bids, which is what we had for just long enough today, for all the indexes to set record intraday drops to the downside. So Senseless with the current fabricated and rigged market we have. Im sure there were many blown up accounts and bankrupted traders today. <_<
OTIS.