THE AMOUNT OF OVERT MANIPULATION IS STUNNING

 

“Maybe somebody should ask where sausage comes from!?”

Market meltdown? … where? … when? … and what you saw in the last hour of

NYSE trading yesterday, thanks to the “Plunge Protection Team” [PPT], was

nothing short of criminal … “ho hum, another day in “Stock Bellies” where the

manipulative “88/6/6”  paradigm of trading is alive and well … not for the vast

majority of stocks, simply the Fab 5 of Apple, Amazon, Facebook, Google, &

Tesla” … and of course, it comes in the last hour after Europe is closed cuz that

leaves no time for anybody to “fight the tape” going into the close … and today?

… no follow through selling so far [it’s early yet, so we’ll see], and it’s “mission

accomplished” for the PPT, as banks are saved again by government … nice work

if you can get it.

Fast forward into today, and the manipulation only gets worse … today’s exhibit is

anything Cable … another massive “double reversal” with range, something you

almost never saw but maybe once every 5 years or so, but in the last couple of

months it’s happened frequently … and of course, the “BREXIT Whores”, a/k/a

POLS & Apparatchiks from the E.U. & Britain get the ball rolling with comments

coming fast & furious out of the European open to prevent Cable from going sub

1.27 … that sees “panic up” to the tune of 150 PIPS+, where I’m sure it’s Christmas

time for the mistress funds, and allows scumbag LP banks to offload long

positions to day trading genius types … there’s only one small problem here

… Britain, thanks to morons pretending to run government, is about to go

“lock down” once again for the flu hoax … never mind that Sweden has done

literally ZERO in that country from the get go, and has had better results than the

Stalinistas currently running the British economy into the ground by changing

“anything & everything” about 26 times … “can there be a bigger bunch of dopes

than BoJo and his crew?” … well, no actually … and cuz of that GBPUSD faces a

very strong headwind trying to go higher anytime soon, despite the best efforts of

manipulators … what a frickin’ joke.

So yesterday, the DAX30 sees a 650+ index point range … today, barely 140 index

points, right around 50% of its current 20 Day Range MA … IVIX INDEX levels most

of the day very good … however, you want to see a classic “Flying Wedge of

Death” [FWD], directly below the m15 chart of today, with commentary.

click on chart to enlarge

One algorithm trade today in the DAX30 … TURNKEY PAMM / MAM UP

SLIGHTLY.

Not much to do today, with a 9+ hour range of not even 100 index points … most

of the day a “chopfest”, with very quick & vicious short term MOMO changes, that

either saw price gallop higher quickly, or go “Thelma & Louise” just as fast … this

market every bit as vicious as the NDX100 … quite frankly, a worthless trading day

from yesterday … however, I’m happy to report that I had no problems with latency

or slippage in the DAX30, so maybe for once they’re telling the truth about the

HFT’s becoming the major source of liquidity … we’ll see about that, but so far

so good.

Into the New York afternoon, so it’s time for major “scumbaggery” from the usual

assortment of Wall Street scum, namely the scumbag LP banks, especially in the

“Stock Bellies”, and double especially in the NDX100 … and unless there’s a very

good reason, I avoid New York afternoons as much as possible, cuz it’s analogous

to the financial Ebola virus for trading accounts … the “scumbaggery” here is off

the charts, as yesterday’s NDX100 explosion higher in the last 45 minutes of

trading will attest … and it all has a bleeding affect over into the DAX30.

Outta here … until tomorrow … Onward & Upward!!

-vegas