|
Buxton ND | As Euroland open 2 nights ago (the super flush in China's Dow had happened 5 hours earlier, 7% down in 15 minutes) they were heavily selling crude. Quickly dropping to and thru THE 2009 low and flushed what I call "a few" sell stops trading to 32.10 so I'm going to go with THE low of 29.97 but would not rule that $26 number floating around.
MO we need to flush TONS of stops in crude before we put in THE LOW, when this happens a $6-8 daily move down and up would not surprise. This whole week (it has mellowed since yesterday's closes) has been a HFT free for all***** Beans strength on Tuesday was a HFT free for all playing off China buying 5 big boy boats of beans. Beans strength of Oct 2014 trading to 10.56 (would a few double check that number please ?) WAS HFT putting in a little spike high mid November.
I'm learning my bullish thoughts of the past few months can be mis-read because of HFT.
We have less money playing everything markets and yet CME's groups everything volume WAS UP 2% y-o-y
Living proof from their own data on HFT*****
IMO and this IS my opinion ONLY, I have had acouple different people nudge me to down play my thoughts on HFT. BUT AGAIN,,,,, living proof is from their own blanking data on HFT***** I as a farmer had to pay $15 bucks MORE per month, my broker nearly $200 more for my/his market data program because CME was trying to make up money lost because of falling volumes traded, dammmmm CME must have "Mis-read" there OWN data huh.
OK, does this change our farm markets ? Yeah it sure does, IMVSO this makes ""target orders"" that much MORE important. The speed price can move there's no way the average Joe or Jane or Jack can re-act to it. This also means the average Joe end users...... This was part of the reason I was really blunt with my "Sat's Order" as someone call it this past summer. What did or MORE SO DID NOT happen as we broke thru 4.50 #ZCZ15 was very very odd in my book. Odd stuff really perks my ears up***** IMSVO that 4.50ish high,,,,, there was enough traders out there that knew corn was gonna hit 4.50 AGAIN this is NO ONE'S opinion expect mine.......... | |
|
Euroland/Crude
