stock market’s SATAN SIGNAL

http://www.zerohedge.com/news/2014-10-09/did-todays-satan-signal-sp-futures-give-all-clear-selling-begin

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Did Today’s “Satan Signal” In S&P Futures Give The ‘All-Clear’ For Selling To Begin?
Tyler Durden’s pictureSubmitted by Tyler Durden on 10/09/2014 23:47 -0400

Bob Pisani Digital Dickweed POMO POMO

Even Bob Pisani knows by now that the European Close seems to create a trend-reversal moment intraday that few machines (and even fewer humans) are willing to fight. Whether this is remnants of short-term cycles found due to POMO or just a drop in liquidity is unclear; but what is clear, it happens, and all too regularly… except today. After a notably weak start to the day, the machines were just getting revved up for the 1130ET reversal to kick in and lift the market back to VWAP when a curious thing happened… “someone” canceled-and-replaced orders for 666 contracts 26 times in the 1130ET to 1200ET period… and selling accelerated lower, no reversal, to close at the lows on heavy volume.

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