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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (15686)	6/21/2004 10:44:42 PM
From: mishedlo	Respond to of 110194

Russ I do not get it. It would seem easy enough to split orders up 3-5 or even 10 times and have them come in from various sources. 1) Why would someone route them all from a single source? 2) Why would someone else disclose this info if he knew about it? I doubt it is illegal to take advantage of someone doing something illegal but perhaps I am wrong. If someone was able to figure out the pattern of this trader and know that this trader made losts of money, one could make plenty by hopping on. Mish

To: russwinter who wrote (15686)	6/21/2004 10:58:42 PM
From: Little Joe	Respond to of 110194

He does not address how this is affecting the overall market. Is the emini is trading differently than the regular futures contract and cash or is the emini controlling the regular futures contract market and the cash market? Little joe

To: russwinter who wrote (15686)	6/21/2004 11:51:58 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Russ Take a look at commercial positions in all currencies Massive liquidation. I do not mean liquidation by the specs either. Just liquidation of commercials with both long and short sides falling off the cliff with little changes in spec positions. What do you make of this? cftc.gov

To: russwinter who wrote (15686)	6/22/2004 12:23:01 AM
From: NOW	Read Replies (1) \| Respond to of 110194

sounds bogus to me, BWDIK?

To: russwinter who wrote (15686)	6/22/2004 12:41:24 AM
From: ild	Read Replies (1) \| Respond to of 110194

<<<... when you realize that 52% of the lackluster volume has been program trading, and you look at volume ex program trading you find that the last two weeks have experienced the lowest volume (except for holiday impacted weeks) of the last four years. ...>

To: russwinter who wrote (15686)	6/22/2004 2:03:06 PM
From: justwhatuwant	Read Replies (1) \| Respond to of 110194

Couple points: 1) There is definitely a huge increase on the bid/ask, at times, these days. Its not unusual to see 2000-3000 at bid or ask. 2) When you see this huge bid/ask and the price goes through that bid or ask, you will NOT see 2000-3000 traded. Someone is pulling their orders just before. They wait for the pressure to build then let her rip. Most times the follow through is not huge immediately but the next 10 minutes might show action. 3) Gelber (http://www.gelbergroup.com) does exist. They are a clearing, execution and money management house. I guess Brian Gelber, Pres/BoD, is a "World-renowned" trader. He and his brother run this (Brian owns 64%, Frank owns 12%). Their other brother, Art, is an energy consultant (http://www.gelbercorp.com) who started the energy trading division at Gelber Group. They say that they at one time traded 10% of the NYMEX NG futures.Still do? I think there may be some validity to the contracts being traded IMHO. But who is doing this is unclear except for what this guy claims. Besides, why would a smart house blatantly break the rules (if those are the rules)? They aren't stupid. Can these big guns see who/what firm is on the bid/ask? I guess there must be an equivalent Level II on the CME. (I obviously am not a big trader LoL).