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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Roads End who wrote (172021)	5/20/2021 10:53:10 AM
From: maceng2	1 Recommendation Recommended By sense Respond to of 218083

It was a precision global flinch. 2pm, you could synchronize your watch on it. Litecoin continued to fall even after the glitch till 2am (exactly) . Maybe someone didn't read the memo properly ? -g- The UK Guardian is preparing a mega hand wringing event over it. Tell us: are you an amateur investor affected by the crash of cryptocurrencies? \| Cryptocurrencies \| The Guardian Perhaps we should have regulation on margin? Wasted breath even suggesting it of course.

To: Roads End who wrote (172021)	5/20/2021 4:58:35 PM
From: sense	2 Recommendations Recommended By JSD maceng2 Read Replies (1) \| Respond to of 218083

Zero Hedge seems to discount that it was the beige book... the timing is off a bit... They point instead to the much less hearlded publication about the Repo Crisis redux... I think the dynamic doesn't really support either of those... as the nature of the distribution in the impacts is very randomly distributed... apparently tied to a liquidation event of a portfolio containing this and not that... or more of this and none of that, etc . Doesn't mean it wasn't delayed reactions to some combination of things... with people deciding to bail on the markets in result of the aggregate... but, then, the precision in the timing being the same on all of them is still hard to buy as a random collection of people selling at exactly 2 pm ? Someone hit the "sell everything" button at 2 pm... which whacked what they held... not what they didn't ? Trading today seems to have answered the questions a bit differently... the moves being more connected... and a lot more "controlled"... more in line with what Jack was noting about the trade in SBSW being dominated by the options trade... only with the Fed buying stocks today... for no reason other than to make sure those betting "lower" lost the trade... These two takes on it as "coming events" at ZH today: 11:15 am: 'Gamma Tilt' Suggests More Downside In Stocks As "Bigly" Op-Ex Looms 1:09 pm: Post Op-Ex Market Melt-Up: "Everyone Has Crash Down Risk Protection, Nobody Has Crash Up" My trading today was dominated by... others market manipulations... It is clear there is no real market function anymore... By mid-day I'd just given up on it, took profits and walked away... as the randomness of others choices "for no reason" other than using market poiwer to set prices... is not overly discernable as a trading signal that can be relied upon to be something other than a lie... So, you day trade the moves as they occur... knowing they're a lie... exiting the move before that is revealed... but there's not much value in that, and a lot of risk... My guess is there will be some big winners and losers tomorrow... who wins and who loses having nothing at all to do with the future direction of the market... or any rational measure of "legitimate" valuation. More to the point... who wins and loses is going to be a DECISION that is imposed on the market as both a price point and a pattern in the trade... "the powers that be" determining winners and losers... The "bite" out of the market yesterday... is what they will try to prevent... I think... so expect to see computer directed trades like we saw today... probably from the open... Avoiding the trade is the most rational approach to avoiding being made a target... Will wait to see how intense the cheating is tomorrow... not knowable today... but have seen enough of it recently... to know to avoid trades you can be trapped in when they suddenly change the rules, change the flow, and disallow trades in the volumes you require to be able to take up a new position... or, worse, to try to exit a held position that they won't let you trade out of... while dropping it like a stone out from under you... The market has become another tool used to punish those who disagree with them on what they think the price should be... what range it should trade in... which way when, etc. Essentially, just an expression of market power... that punishes you for being right. Lots of dirty tricks dominating trading on "big days" recently... Have had the brokers repeatedly log me out of the account trying to stop my trades, etc. I do expect a bloodbath tomorrow... with intermittant stasis imposed by dualing computers... straight line trades... or nothing happening at all... having seen a lot of that today, already, as you can see in the interday charts for SPX... lots of straight line moves... etc. So, I'm back to mostly cash today in the trading account... even sold all the laggards in mining shares in the investments account... pared the holdings by about 1/3... have zero leverage applied and have zero exposure to trades in derivatives...