DowJ up 400+ points on open?? manipulated much??

how could it go up so fast in such short time? with such of scared from last week with a 1000 dip, it seem impossible!!. It scared a lot of people who started bailing out of and selling things off... and all of a sudden ... yay its ok people!!! its back to where it was even after all the people started running. That kinda seems to show that its indeed manipulated to scared and then manipulated back up to show that its all under their control and they can crash it or rise it whenever they feel like

It's ok.

Nothing is wrong, this volatility happens from time to time from extreme oversold to extreme overbought conditions.

400+ points is nothing when VIX has climbed double digits for a couple days.

Originally posted by NickT916
how could it go up so fast in such short time?

EU Bailout package. Futures were up to the high 300's before the opening bell even rang. There was a huge rally in Europe. Increases of 4-9% on the major indices.

They executed rule 48



Huge gains in tech stocks pushed the NASDAQ and Dow up 4.5% in 15 minutes after open.

Let's see, what happened in the political?

Congress was actually talking about real reform, the market went down 1000 points, the Congress backed off, there was a rally.


Hmmmm? Any connection?


Same # different day. Anymore questions?

reply to post by NickT916


The truth came out, The market down fall last week was not an error.

Last night the big banks (the plunge protection team )approved 1 trillion dollars for the market today to avoid another down fall, the US Federal Reserve, the Bank of Canada, the Central banks and the UK no only approve the bailout for Greece but an additional 1 trillion for the markets to stop another crash.

That is why the markets open in the positive, the problem is that this money is at the expenses of tax payers in the nations involved.

Also the this bailout like the last one will not stop the markets from plunging again.

Originally posted by marg6043
reply to post by NickT916

 

The truth came out, The market down fall last week was not an error.

Last night the big banks (the plunge protection team )approved 1 trillion dollars for the market today to avoid another down fall, the US Federal Reserve, the Bank of Canada, the Central banks and the UK no only approve the bailout for Greece but an additional 1 trillion for the markets to stop another crash.

That is why the markets open in the positive, the problem is that this money is at the expenses of tax payers in the nations involved.

Also the this bailout like the last one will not stop the markets from plunging again.

is there a link to this or just sarcasm?

I just have this nagging feeling that right now is a good time to get the heck out of the market. When they have to bolster the market to avoid a crash,confidence is hard to come by.

Originally posted by daddyroo45
I just have this nagging feeling that right now is a good time to get the heck out of the market. When they have to bolster the market to avoid a crash,confidence is hard to come by.

Well look at it like this. Even when they bolster the market it ruins it more. From an investors perspective it's like jumping out of the frying pan into the fire. There isn't anywhere you can really go without getting effected by this.

They are just buying time. Everything will remain stable now for a few more months, until they need to bailout it out again, and they'll keep repeating that. Soon as it gets bad, they bailout. Makes me wonder why we have a monetary system.

reply to post by NickT916


Stocks Expected to Surge

Luckily, with the European Union and United States springing into action to stave off a financial disaster, markets on Wall Street are expected to follow global trends and surge throughout the day. The Dow Jones Industrial Average had gained a staggering 400 points within one hour of the opening this morning. If New York can maintain this pace they may easily make up for last week’s collapse, but in this uncertain environment it is hard to project.

The primary motivation for this huge boost on U.S. and global stock markets, according to Bloomberg News, is a $960 million loan plan set aside by the E.U. to save Greece and the region from a debt-induced collapse.

According to CNNMoney.com, the U.S. Federal Reserve will join the European Central Bank, and the Bank of Canada is bailing out the region and attempting to prevent a return to the 2008 crisis mode. This nearly $1 trillion rescue will likely be seen by the average person as yet another bailout of the financial fat cats

www.economyincrisis.org...

It saddens me that most Americans and citizens of the nations involved have no clue of how their governments are raping the tax payer to save their own dirty butts.

Then you wonder why citizens like a country like Greece goes rioting against their government, that should be happening in our backyards also.

But people justs have no clue what goes on behind their backs.

the stock Markets are a ponzi scheme

So if every nation is borrowing, who is left to do the lending?

Not China, they're about to experience a bubble bursting themselves. Not Japan who is so bad off they're experiencing deflation. Not Russia. Not the EU. Not the IMF. Not the US Treasury or the Federal Bank, already the US debt will become unsustainable, at a percentage above the GDP.

If you extend credit to a bankrupt relative, you get two bankrupt households.

I posted this on my blog at pulsescan.blogspot.com...

The reason for the huge gap up is do to price manipulation on the NYSE floor prior to the open. The specialist did not post the premarket prints from the tape so it allowed for mysterious bid/ask spreads and huge volatility. This was done in an attempt to prop up the market and curb a continuation of the selloff. Regardless of this the low that was hit is just where we are going next.

05-11-10 10:22 AM



The Vulcan Report (38) - 11 May 2010 - GOLD and SILVER SPOT




THE VULCAN REPORT
Review of XAU/USD - COMEX GOLD SPOT (XAU USD)
as of Monday, May 10, 2010



CHART PATTERNS

A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

During the past 10 bars, there have been 4 white "UP" candles and 5 black "DOWN" candles for a net of 1 black (DOWN) candles.

During the past 50 bars, there have been 21 white "UP" candles and 28 black "DOWN" candles for a net of 7 black (DOWN) candles.





PulseScan Swing Vix Swing Index

PulseScan: 34.09
Swing Vix: 33.61

Currently The Market Pulse is positive since it is trading above its signal line.The PulseScan crossed above the Swing Vix 1 period(s) ago.


PulseScan LONG ENTRY :

,,



,,2nd-VCB GO LONG @
BREAK OUT 1,213.28
Profit Target 1,237.21
Stop Loss/Stop & Reverse 1,178.66



Swing Vix SHORT ENTRY :

,,

Possible Bearish Consolidation Break-Down @
BREAK OUT 1,178.25
Profit Target 1,152.05
Stop Loss/Stop & Reverse 1,210.59



,,2nd-VCB GO SHORT @
BREAK DOWN 1,156.11
Profit Target 1,152.05
Stop Loss/Stop & Reverse 1,210.59



The Trend Channel is UP! (i.e. "Positive Swing Vix") This means that positive momentum is entering the market. Expect sideways to higher prices within the next 3-5 days
,
The Swing Vix is above 29. This is where it usually forms Resistance. The Swing Vix usually forms Resistance before the underlying security. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. The last signal was a Over-Bought Sell 5 period(s) Ago.


The Swing Vix does not currently show any Failure Swings.
The Swing Vix and price are not diverging.
Since the Swing Vix crossed its moving average, XAU/USD - COMEX GOLD SPOT's price has decreased 0.63%, and has ranged from a high of 1,208.330 to a low of 1,183.980.

MARKET TREND

Currently the TREND is VERY-BULLISH- Up.
The current market condition for XAU/USD - COMEX GOLD SPOT is:

Very Bullish\

The close is currently Above it's 264 Long Term period moving average.1,065.50
The close is currently Above it's 40 Intermediate Term period moving average.1,143.57
The close is currently Above it's 10 Short Term period moving average.1,169.69

Volatility

On 5/10/2010, XAU/USD - COMEX GOLD SPOT closed below the upper band by 20.9%. 27.33% wider than normal. Remaining neutral.


This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.

Attachment: xau usd gold spot - 11 may 2010.pdf
This has been downloaded 1 time(s).

reply to post by The Vulcan


What you have stated in your first paragraph is plainly false.

Before the market opened on Monday, the New York Stock Exchange invoked a rarely used rule allowing designated market-makers to not show prices before the bell, making it easier and faster to open stocks.
The rule was approved by the Securities and Exchange Commission on Dec. 6, 2007 and has been used rarely since then.


I take it you don't read much.

I posted this article from the wall street journal on my blog.

reply to post by The Vulcan


Do you think that has 1 thing to do with overnight futures trading? The opening print doesn't mean anything when order flow is predominately in one direction.

The opening prints do not mean a thing when there is no liquidity at those levels. Just like all the illiquid stocks the day before, that is how the price is so volatile.

There is DEMAND and ORDER FLOW and then there is LIQUIDITY. NYSE specialist floor prints are separated by electronic exchanges like ARCA. As long as your route to the NYSE before the opening bell and mark the order OPG it will be accepted.

So these are a lot of big words that equal a couple things. As long as there is NYSE specialists and futures trade pre bell that are at a 1:1 correlation exactly 1 microsecond before the opening bell rings the opening prints cannot deviate from liquidity.

So the market did NOT open +400 then go down to +100. It stayed at those levels. So what you are stating about "manipulation" is nothing of the sort. It might help sell a couple more newspapers or get some extra hyperlink clicks by using that word, but it is far from manipulation. I am sure there were bullish trade imbalances from the day before that needed to settle. You can access this information for $10,000 + month and additional fees from the NYSE. It is called OPEN BOOK.

This is evident because the futures were up strong triple digits before the bell and were correlated with the opening print in the cash market. There is an arbitrage system with fair value that keeps everyone honest. That is all you are witnessing.

Have a nice day.

The market has went down, now the bargain hunters are picking up some deals.

Investors look toward the future. With the 2010 elections coming up and Obama's poll numbers going down, the future could be bright!

reply to post by GreenBicMan


the wsj article was addressing the NYSE and NOT GLOBEX with handles the Emini SP 500 futures.

Before the market opened on Monday, the New York Stock Exchange invoked a rarely used rule allowing designated market-makers to not show prices before the bell, making it easier and faster to open stocks.
The rule was approved by the Securities and Exchange Commission on Dec. 6, 2007 and has been used rarely since then.


the PPT was all over this. you really need to do some more research on the subject. The market is toast. they can't prop this up much longer. I have the track record to prove it. I've worked on wall street for over 10 years now so I think I know a little something about order flow and market manipulation.

Max Keiser covered this subject more thoroughly the other day during his broadcast since he is the one that created the mechanisms we now use.

Be encouraged

peace out

Originally posted by The Vulcan
reply to post by GreenBicMan

 

the wsj article was addressing the NYSE and NOT GLOBEX with handles the Emini SP 500 futures.

Before the market opened on Monday, the New York Stock Exchange invoked a rarely used rule allowing designated market-makers to not show prices before the bell, making it easier and faster to open stocks.
The rule was approved by the Securities and Exchange Commission on Dec. 6, 2007 and has been used rarely since then.


the PPT was all over this. you really need to do some more research on the subject. The market is toast. they can't prop this up much longer. I have the track record to prove it. I've worked on wall street for over 10 years now so I think I know a little something about order flow and market manipulation.

Max Keiser covered this subject more thoroughly the other day during his broadcast since he is the one that created the mechanisms we now use.

Be encouraged

peace out

I was talking about the NYSE. Globex is just where the sp e-mini trades. But this is 100% correlated in how the NYSE opens. Because you are not going to open positive on the NYSE when SP500 Futures are down 20. Or down any amt. for that matter.

As far as research, I do a lot lol. This is what I do for a living.

I have already typed it out 100+ times (my opinion on the matter) and if you are ever in the market thread if you go back several pages I have written all about it.

Later man

NEWS FLASH:


The market isn't perfect. Nor is it omniscient. It's the farthest thing from those two things.


So don't be a bit surprised when it fluctuates +/-3% a day, or when bubbles form and wipe out your retirement savings (or the entire economy, and then you bail them out with your tax dollars on top of losing savings as well as your job/customer base).

That's the market for you -- stuck in a "death loop," and burdening the weight of its trillion dollar mistakes on your slave backs while riling you up with soap opera politics and sapping your attention with bread and circus game shows on TV.


You're all suckers and slaves, and you're in a war which you apparently aren't even aware of. It's between the richest of the rich, against everybody else, and it's been going on since Reagan; oh, btw, the rich are winning.

reply to post by Kaytagg



I don't know about you but I'M WIDE AWAKE and I know full well what time it is.
Just check out my blog and you will see that I can back up what I say 100%


Have a great day

be encouraged.


[edit on 13-5-2010 by The Vulcan]

[edit on 13-5-2010 by The Vulcan]