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Measured Move ABCD Example in Mar 10 SPY Intraday

I love highlighting Measured Move Patterns (very similar to flags) in the markets due to the price pattern symmetry and structure - each one serves as a great educational reference of this not-so-common pattern. Fewer people know what an AB=CD pattern is than do a bull or bear flag - though the two patterns are similar

From SEC Employee Rick Bookstaber "We All Know Gold Is In A Bubble"

Former Bridgewater-ite (which we hear is not doing that hot lately) Rick Bookstaber, who was recently appointed at the SEC in some risk management capacity , comes out with a truly amusing rant on why gold is in a bubble, and, not just that, but that " we all know gold is in a bubble. " Ignore the fact that all multi-billionaire hedge fund managers have been loading up, all relevant and semi-relevant pundits have been claiming that gold is gradually becoming the one alternative to fiat debasement which has recently become a global phenomenon, and ignore that even with the dollar going up, gold has defended its 1,100 an ounce price quite successfully.

Gary Gorton On The Shadow Banking System Run, And The Interplay Of Shadow And Traditional Banking

There are few people as qualified to discuss the stresses of (and on) the financial system over the past several years as Yale and Wharton Professor Gary Gorton , who just incidentally has held positions at the Bank Of England, the Federal Reserve and the FDIC. In a submission to Zero Hedge, Professor Gorton provides some unique perspectives into what we have long claimed was the immediate catalyst for the near collapse of the banking system: the bank run, not so much on depository institutions, but on the much more critical shadow banking system.

Short Sale Ban V2 Coming? Germany’s Regulator To Require Short Financial Position Disclosure

Yesterday CDS speculators, today financial shorts, tomorrow the world. German regulator BaFin has learned absolutely nothing from America's 2008 brush with the short sale ban, and has announced that it is tightening disclosure rules on short-selling as related to ten financial company shares, saying it "wanted to ensure the stability of the financial system" is preserved. Ah, the old "if-the-world-is-threatened-by-vicious-speculators-you-must-acquit-of-irresponsible-fiscal-policies-and-mismanagement" defense

Daily Highlights: 3.4.10

Asian stocks decline on concern China lending to slow; Euro pares gains. Australia's January trade deficit narrows on increased iron ore shipments.

Guest Post: Is The SPY Getting A "Jump" At Key Levels From A Quant Algo?

Submitted by SellPuts I am growing more and more tired of seeing what appears to be a very "helpful" algorithm running in the SPY. I am using the term "helpful" very lightly. I relate this algorithm to a jumper cable, your car will run once you get the jump if your battery is running low right?

Head Of Greek Debt Office Replaced By Former Goldman Investment Banker

And so the tragicomic becomes surreal. Yesterday's news about the departure of the head of the debt management agency, Spyros Papanicolaou, was somewhat of a yawner, until we realized that his replacement would be none other than Petros Christodoulou, who until today was head of Private Banking and Group Treasury at the National Bank of Greece (reporting directly to the CEO of the NBG Tamvakakis), as can be seen on the org chart below.

Pivot Galore

Submitted by Nic Lenoir of ICAP After pretty much two weeks waiting since what we thought was the last meaningful turn in risk appetite (towards risk appetite), I think the markets have reached a possibly key pivot area. I will start with commodities where the pivot is the clearest on the day. Copper has retraced 61.8% of the recent sell off, and posted a quite nasty indecision candle on the day

Rosenberg’s View For 2010 "A Return Of Volatility"

For those strapped for time, here is a comprehensive 4 minute Bloomberg TV interview with David Rosenberg which recaps some of the recent trends the Gluskin Sheff Strategist has been discussing, including the sovereign debt crisis, corporate earnings, and small business performance.

Greek Bailout Details TBD In One Month; In The Meantime, "Markets Are Wrong To Attack Greece"

16:58 02/15 EU JUNCKER: WON'T SPECULATE ON INSTRUMENTS TO HELP GREECE 16:59 02/15 EU JUNCKER: NOT WISE TO PUBLICLY DISCUSS SPECIFIC AID TO GREECE 17:01 02/15 EU JUNCKER: GREECE WILL NOT BE LEFT TO MERCY OF MARKETS 16:46 02/15 EU JUNCKER: WE WILL RETURN TO THE GREECE TOPIC IN MID-MARCH 16:42 02/15 EU JUNCKER: GREECE NEW MEASURES ON MAR 16 IF RISKS MATERIALIZE 16:40 02/15 EU JUNCKER: GREECE SHALL ANNOUNCE ADDITIONAL MEASURES MARCH 16 17:01 02/15 EU JUNCKER: WE ARE DOING ALL WE CAN ON GREECE 16:47 02/15 EU JUNCKER: IT IS UP TO GREECE TO CUT ITS BUDGET DEFICIT and the ever ready: 16:47 02/15 EU JUNCKER: EUROZONE STANDS READY TO ACT IF GREECE NEEDS Uhm, they need it bud.