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

And there's the new all time high, up 112.25 off the low by my data. Piece-o-cake.

I see the same in FX. Very strong, harmonic areas produce only a small reactions, while the real moves start nearby, of minor levels.

Originally posted by jimkane

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.

everyone here will recognize the pattern that set up at the low earlier this week....should be no surprises, especially into opex ;)

target hit

dia retest .886 to the penny

Awesome Rat

And here's an article saying the same thing about the condition of this market. It's scary, scary stuff to me.

http://www.zerohedge.com/news/2014-12-19/something-changed-comparing-e-mini-liquidity-2009-2012-and-today

Originally posted by jimkane

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

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