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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (70684)4/27/2005 1:41:23 PM
From: Real Man  Read Replies (1) | Respond to of 94695
 
It has been going on for so long, TA may not apply in a real
breakdown. Someone is inhaling the whole market in e-minis,
then pushes it back with 15-25,000 contracts per minute
purchases (note that 20,000 big SP contracts = 100,000 e-minis is
the legal limit). Now, OBV is really tanking. So, that someone
must be very long, and very leveraged. Quite possibly, also
short a lot of puts. This is just peanuts, though, considering
the size of interest rates derivatives market. The whole
stock market is $10 Trillion - pocket change for JPM, who
has $45 Trillion NV interest rates derivatives. Not sure
about the size of OTC market, but it should be well into
100-s of Trillion $



To: William H Huebl who wrote (70684)4/27/2005 2:43:30 PM
From: Real Man  Read Replies (1) | Respond to of 94695
 
We'll see what it does. There is still a lot of manipulation in
the futures. Since it has been going on for at least 2 years,
it should end with a BANG, IMHO. Not sure if it ends now or
we'll go to the new highs again soon. The TA breakdowns are
serious. They can be corrected, but for now everything
says the intermediate term and the long term trends are both
down, so we are still on a sell. I'm not going to buy this, but
might short into it later...