What the Duck!

Discussion in 'Trading' started by piezoe, Feb 4, 2011.

  1. piezoe


    I stopped trading at 11:30 est in the ES. I decided to take a peek at the market at about 2:15. Huh, The breadth looks like a sharks grin with little teeth (I've come to recognize this pattern as a sign that aliens have taken over and it is time to prune the roses.) Then we had those little tiny, itsy bitsy candles from noon to now (Its 2:25 est). up-up-up-up-up-up etc. while the vix goes in itsy bitsy candles dn-dn-dn-dn--dn-dn etc. The dollar goes jerk-jerk-jerk-jerk etc. What the hell is going on? Are those HFT guys locked into some kind of circle jerk? What the Duck!

    Seems the market wants to go down but is too constipated to do so, and just goes up because it can't go down. This market needs a good swig of Philips Milk of Magnesia..................:D

    P.S. I haven't been paying any attention to the news since that squirrel chewed my power neutral in two. Did someone set an H-bomb off in the magic Kingdom or something?
  2. Hey there pie...I agree 100%...the Emini has really been a turd lately...hence my switch to the eruo fx.

    Since the beginning of December the Emini has virtually stopped trading it seems. Not that there havnt been a few days where its moved "pretty" good, but somethins goin on (my bet is on the HFT's circle jerkin)...mostly small dips that get bought up by heavy buying and then...a rally up to stall at the highs...with virtually no pullbacks of any depth! Whats up with that? Who knows..

    My broker put me onto the euro and its really an "up and down'r"...liquid enough... and kool that you can trade it 24hrs too...seems its "dull" action moves faster than the emini at full speed. You should check it out...but be prepared for some volatility though especially btwn 8 and 11am...all an all...I aint goin back!

    Hope you have a great week...(Im layin low..(NOT!)haha)