Zero Hedge and more market manipulation

Posted on | Tuesday, September 22, 2009 | No Comments

http://www.zerohedge.com/article/noon-ramp

Noon is the new 1:30pm, is the new 2:30pm is the new 3:30pm. Pretty soon algorithms will gun the market starting before the market even opens. Smells suspiciously like desperation.

Below you can see the spike in VXV and equities at exactly noon, which despite a strengthening dollar was fed by the significant drop in Treasuries, ahead of today's auction. The Fed's liquidity refuses to sit still.

Pretty soon they might trade during cash hours from 9:30 to 4 I bet right? Gun the market before the market open? Lets get real, has any of these guys ever even seen the futures market and/or understand its relationship to the cash market? Do you guys even realize it trades 24 hours a day during the week? Or how about paper intentionally buying on the cash close in the pit.... open outcry pit so no computers. Has it ever dawned on anyone that maybe on a shorter time frame the S&P was oversold relative to OTHER market (non equity) correlations? Despite a strengthening dollar!? GET REAL! have you seen the chart since 4pm 9/21!? the dollar is in the dumpster. Maybe you'll someday find out that capital markets will never correlate 1:1 on a tick chart all day long... wake up kiddies.

I challenge you to actually PROVE what you are saying instead of just saying it as if it were fact.

Edit: 4pm cash close. EUR and ES still correlating with EUR leading (as it does 90% of the time)... boy look at them gun and manipulate the market... too bad it DIDN'T happen.

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