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JI
jimkane
Rep: 3,058
Posts: 33,089
I'll kick it off.
JI
jimkane
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Posts: 33,089
But programs, especially Friday into the close programs, are funny things.
JI
jimkane
Rep: 3,058
Posts: 33,089
And there's my bit more of selling. Notice the 1-min ABCD here, so we'll see if they are done now at cash close, or not.
JI
jimkane
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Posts: 33,089
Headline on Bloomberg: 'Wall Street wakes up to a slew of good news'. Too funny. The game never changes, and never will. Too bad I have to say 'And I'm glad'. I wish, in that sense, I was involved in a more honest profession. What I do, I feel, is honest, but I do it surrounded by a dishonest system. And the part that sometimes bothers me is that without that dishonest system, likely the 'honest' trading money couldn't be made.
JI
jimkane
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Posts: 33,089
Interesting 6.25 point pop right into the futures close. That's some crazy stuff. I'm curious to see what the little after-session does. Likely nothing.
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jimkane
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Posts: 33,089
I think the market will be alright after all. The Feds have a new tool. Just point it at the banks and fire away.





Source: http://www.zerohedge.com/news/2014-10-17/friday-humor-forget-qe4-presenting-qe5
JI
jimkane
Rep: 3,058
Posts: 33,089
They are rising it up and over that pop high.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, that concludes this week's episode of 'The Jim Show'.
JI
jimkane
Rep: 3,058
Posts: 33,089
P.S. I'm not belittling rat's endless excellent charts or Marcin's work, I know I'm not the only contributor, I'm just joking because many times I'm it in here, and I am the one who does the endless blow by blow stuff, you know, 'The Jim Show'.
RA
rat89
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Posts: 7,015
Click image for original size
screen shot 2014 10 17 at 8 11 00 pm png
JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, charts like that!
JI
jimkane
Rep: 3,058
Posts: 33,089
Nah... And even if it did happen, the ES down 400 points from here, whoop-de-do. It's still up like 125% off the lows. Wow, and that's after an '87 style crash?





Source: http://www.zerohedge.com/news/2014-10-17/happy-27th-anniversary-black-monday