Just another day @ the FED

[Mega]

Un-in-tended consequences:-
http://www.youtube.com/watch?v=hz65A...eature=related
Mike

[bart]

Re: Just another day @ the FED

Intended consequences?

A 10 minute S&P 500 futures chart, showing the amazingly smooth gain after 1:00 ET today.






Same, except a 1 minute chart showing the last hour or so.

[metalman]

Re: Just another day @ the FED

Intended consequences?

A 10 minute S&P 500 futures chart, showing the amazingly smooth gain after 1:00 ET today.






Same, except a 1 minute chart showing the last hour or so.

looks like someone hit the 'inflate' button over at the fed. where'd ya get these awesome charts?

[Rajiv]

Re: Just another day @ the FED

What did you expect?

;)

[Jim Nickerson]

Re: Just another day @ the FED

looks like someone hit the 'inflate' button over at the fed. where'd ya get these awesome charts?

If I'm folllowing this, someone is suggesting that the 870 point rally today from the intraday low, using the DJI as an example, had something to do with inflation, or the FED.

Since 9/17 there have seven days when gains on DJI exceeded 400 points for the days. I expect the intraday rallies off the lows were greater, but I am not checking to see.

Today, by my tracking, was a 90% up day in volume and points on the NYSE, so-called "panic buying." Since 9/17/08 there have been three other such "panic buying" days, all of which excepting today, so far, were followed by ongoing losses in the major equity indices (the SPX and DJI did not reach new closing lows yesterday as did Nasdaq, NDX, RUT, VGY, but today SPX hit new intraday low as did everything except the DJI).

If anyone is explaining today on some sort of FED intervention, then how does one explain these other big moves and subsequent failures to ultimately lift the markets--except maybe to say FED intervention ain't worth a shit.

[metalman]

Re: Just another day @ the FED

If I'm folllowing this, someone is suggesting that the 870 point rally today from the intraday low, using the DJI as an example, had something to do with inflation, or the FED.

Since 9/17 there have seven days when gains on DJI exceeded 400 points for the days. I expect the intraday rallies off the lows were greater, but I am not checking to see.

Today, by my tracking, was a 90% up day in volume and points on the NYSE, so-called "panic buying." Since 9/17/08 there have been three other such "panic buying" days, all of which excepting today, so far, were followed by ongoing losses in the major equity indices (the SPX and DJI did not reach new closing lows yesterday as did Nasdaq, NDX, RUT, VGY, but today SPX hit new intraday low as did everything except the DJI).

If anyone is explaining today on some sort of FED intervention, then how does one explain these other big moves and subsequent failures to ultimately lift the markets--except maybe to say FED intervention ain't worth a shit.

look at the chart. that rise was clearly machine made. can't you see it?

how might it work? a black box that counters every sell on every tick. trivial piece of programming if you have the money to execute it and the legal authority.

[bart]

Re: Just another day @ the FED

looks like someone hit the 'inflate' button over at the fed. where'd ya get these awesome charts?

They're part of my custom "trading platform", and show the nearby futures contract - not the cash prices.

If I'm folllowing this, someone is suggesting that the 870 point rally today from the intraday low, using the DJI as an example, had something to do with inflation, or the FED.

...

If anyone is explaining today on some sort of FED intervention, then how does one explain these other big moves and subsequent failures to ultimately lift the markets--except maybe to say FED intervention ain't worth a shit.

I can't incontrovertibly prove anything Jim, but smooth and regular patterns like that are extremely abnormal. I strongly suspect intervention, and its more likely via the PWG than the Fed in my opinion - but who knows. I actually look for patterns like it when I'm in a trade, and if its moving against me, then I exit... as I did from my shorts today at about 1:30 ET.

Make of it whatever you like (and I'm not at all intending to be snide, etc.), but I also note that Bush was speaking at the G20 meeting and the move started almost exactly when he started to speak.

As far as explaining them and why prior ones failed, you basically said it - in no way, shape or form does intervention always work.
It's only one factor among many that can and do move markets. If I've left you or anyone else with a view that intervention always works, it's not my actual opinion. I just feel that intervention is severely under rated as a factor, and I've proved that it exists to myself on many occasions.

[Jim Nickerson]

Re: Just another day @ the FED

look at the chart. that rise was clearly machine made. can't you see it?

how might it work? a black box that counters every sell on every tick. trivial piece of programming if you have the money to execute it and the legal authority.

Regarding the two charts bart put up, I don't know WTF they represent.The time scales on them are meaningless to me, though perhaps there is an explanation for the time scale and what it actually represents. My information says the SPX closed today at 911.29, those two charts suggest the last prices were ~868.60. That seems wrong.

http://stockcharts.com/h-sc/ui?s=$SP...d=p72119859876

is a 1-minute chart of the SPX from today. Perhaps it strikes you as "machine made," to which I reply, "Bullshit."

[Jim Nickerson]

Re: Just another day @ the FED

bart, I trust you'll explain the charts, or am I just missing something that should be obvious.

PWG=president's working group or aka plunge protection team.

[metalman]

Re: Just another day @ the FED

Regarding the two charts bart put up, I don't know WTF they represent.The time scales on them are meaningless to me, though perhaps there is an explanation for the time scale and what it actually represents. My information says the SPX closed today at 911.29, those two charts suggest the last prices were ~868.60. That seems wrong.

http://stockcharts.com/h-sc/ui?s=$SP...d=p72119859876

is a 1-minute chart of the SPX from today. Perhaps it strikes you as "machine made," to which I reply, "Bullshit."

can you show me another chart that looks like this? usually prices go more or less randomly up and down on the tick, not up, up, up, the exact same amount 16 times in a row. but you could be right. maybe nothing at all.

[bart]

Re: Just another day @ the FED

Regarding the two charts bart put up, I don't know WTF they represent.The time scales on them are meaningless to me, though perhaps there is an explanation for the time scale and what it actually represents. My information says the SPX closed today at 911.29, those two charts suggest the last prices were ~868.60. That seems wrong.

http://stockcharts.com/h-sc/ui?s=$SP...d=p72119859876

is a 1-minute chart of the SPX from today. Perhaps it strikes you as "machine made," to which I reply, "Bullshit."

The charts are both expressed in a currency other than the dollar and they are also in a non US time zone. As I noted above, they're part of my custom trading platform and I find them extremely useful. I can't and won't say anything more about the specifics since they're part of my private "trading platform". You're obviously more than welcome to disbelieve them, believe that intervention doesn't exist - or whatever.

Here's a 5 minute chart of the S&P December futures contract today, in dollars and in the Central time zone.




Personally, I believe that this quote applies:
"Any sufficiently advanced technology is indistinguishable from magic."
-- Arthur C. Clarke

[Jim Nickerson]

Re: Just another day @ the FED

can you show me another chart that looks like this? usually prices go more or less randomly up and down on the tick, not up, up, up, the exact same amount 16 times in a row. but you could be right. maybe nothing at all.

As bart wrote, they are futures prices and I never look at futures charts so have no idea of how they might behave during normal or abnormal times. That still does not explain the time scales.

If they went up when Bush started to speak, it suggests to me that whatever prompted the move up was based on bad information. When was the last time Bush spoke a truth?

[bart]

Re: Just another day @ the FED

As bart wrote, they are futures prices and I never look at futures charts so have no idea of how they might behave during normal or abnormal times. That still does not explain the time scales.

You've probably seen my post just above by now, but just in case - those charts are both expressed in a currency other than the dollar and they are also in a non US time zone.

[Down Under]

Re: Just another day @ the FED

Intended consequences?

A 10 minute S&P 500 futures chart, showing the amazingly smooth gain after 1:00 ET today.






Same, except a 1 minute chart showing the last hour or so.

Anybody who doesn't believe there's intervention, assuming that the above 2 charts are legit, is brain dead. And, whoever's doing the intervention, isn't even trying to be subtle, or hide the fact. Absolutley amazing.

[bart]

Re: Just another day @ the FED

Anybody who doesn't believe there's intervention, assuming that the above 2 charts are legit, is brain dead. And, whoever's doing the intervention, isn't even trying to be subtle, or hide the fact. Absolutley amazing.

I believe they're legit, but can't prove it - let the buyer beware, as always.