In my experience it's never different this time.





Source: http://www.zerohedge.com/news/2014-12-13/time-may-not-be-different-after-all

61.75, and maybe not quite done yet. a) it did do a frenzy move, and b) it did reach for my area. Nah, I don't read it like this very often, do I...

Like I said last night, up 100 off yesterday's low was not out of the question. Just an opinion, but this is about the easiest market to made boatloads of money I have seen since the crisis meltdown era. I'm still of the opinion any highly skilled trader is just printing money right now. I don't even know where the money is coming from. But however this is possible, we are in an historic trading period right now. Makes me feel like it's all going to implode out of the blue any second. But, likely this is going to go on for some time, if only to make me feel stupid for feeling extraordinarily paranoid about it all.

I am always suspicious about 'money for nothing', since just like the old market maxim: 'It's never different this time', another maxim I strongly, strongly believe is 'You can't get something for nothing'. There's always a hidden cost, it's always a trap. Just my two cents, take it with a grain of salt. Opinions are like butt holes, everybody's got one.

ES reopens strong and rising. Hmmmm.

I was a little confused with the levels of the recent lows. The actual low yesterday was a few points higher than I was thinking, but the previous low was a bit lower, as we know. So, take a few points off all the move sizes I mentioned, but also take note that at the high today we were actually over up 100 off the ultimate low from earlier. It doesn't matter, but I just realized that, so I thought I'd clarify.

62, new high for the move.

The Nikkei's move low to high was 1155 points by my data! Is that just nuts, or what?

Another new high for the move.

This is the kind of broken madness that can end an independent trader's career in a millisecond. This is like a near 70 point pop in the ES in a blink. Imagine if they filled your stop 60-something points past where you had it (that can happen easy) and before your fill report pops up it's right back to where it was. Factor in your stop is at a loss point, and maybe you lost 70 points. On a 5-lot, that's $17.5K. Ouch. But I've seen trader's who truly scalp, and do 100 or even a 1,000 contracts. Take a 70 point hit there and you're down $3.5 mil in less than a blink, on a broken market issue. But, if you trade this market you have to realize it's broken, and you might get destroyed with zero recourse.

When the real selling starts I think they will just shut the markets down semi-permanently. They shut 'em down for like four years during WWI if I have my facts straight.

http://www.zerohedge.com/news/2014-12-18/berserk-rampathon-algo-just-bought-sp-2130

Pop up, a coupla more points, and we have the new all-time high. Unreal.

March basis one tick from the contact high. When I said yesterday I thought we'd see new all-time highs soon, I still really didn't think it would happen the next day from the lows there.

A follow up on that insane SPY thing yesterday.

http://www.zerohedge.com/news/2014-12-19/just-one-question-about-yesterdays-last-minute-berserk-etf-freak-out