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  1. efficiency

    Order size question

    Odd lots fill FIRST, so the specialist can get them "out of the way". Of course, it helps to have enough activity so he can bundle with other odd lots to arrive at round lots. Multiple market makers and ECN's might be a different matter.
  2. efficiency

    ZOLT breaking out on heavy volume

    Nope, I don't think you do. Do I have negative senetiment on ZOLT in particular? Nope. General characteristics applied to any scenario. 1. High volume isn't what you think it is. There are more people exiting than usual. 2. This is the price area failed before. 3. You're a ways from...
  3. efficiency

    ZOLT breaking out on heavy volume

    What say me? You didn't get the gist of my message. There's something to be said for a multi-year high. NO resistance. Unfortunately, it can also be construed as maximum risk point. Risk/reward ratio. High volume is a clue opposite than you're thinking. Cogitive Dissonance. News is...
  4. efficiency

    ZOLT breaking out on heavy volume

    Nope, not for "no reason". Somebody(s) selling INTO strength. Alleiviating ownership bias, willing to incur a taxable event, stemming from booking a profit. Buyers incurring fresh risk, with no cushion. Capitvated by sumpthin' shiney. But that high volume feels soooo cozy. Hey, we're...
  5. efficiency

    Fleckenstein: 2007 = 1929

    A broken clock is right TWICE a day. He's about as timely as his hair doo.
  6. efficiency

    NYSE short interest +7% in a month

    Yep, very little direct retail moola, despite Wall Street's 24/7 efforts. But quite a chunk via mutual funds & 401-K's. Wall Street will want to confisicate it someday before the boomers start cashing in. As for "pro" short interest, they're just as apt to buy puts or index futures...
  7. efficiency

    crazy SPY volume today

    173 million shares and an 8 cent net change. Should be able to draw a conclusion from those two elements. What's missed is it also reflects the underlying basket in aggregate.
  8. efficiency

    AMEX is crooked..

    1. Children use scapegoats. Dog ate my homework. Hitler found the Jews most convenient. 2. Quick and/or sharp moves, up or down, whether intra-day or at the open are specialist/MM maneuvers with minimal public participation. Often either away from HIS basis or to shake out low hanging...
  9. efficiency

    Specialists + Prop Trading (CNBC)

    NYSE specialists have been able to establish tax-segregated omnibus accounts since 1949 (with amends to Federal Reserve Reg's T and U after 15 years of lobbying). THAT'S where "the money" is.
  10. efficiency

    Breakout Massive Base ELON Buy Me!

    I can't pass this up. "Your" recommendation? My my Appropriate entry was on 2/6 on a closing 20 day high of $8.18 Two days later, it had a 55 day closing high of $8.85. Confirmation. Relative to the present $13.50, a tad more than 13%. Move's mature and due to consolidate. Speed bump...
  11. efficiency

    Cramer got this one right FTEK

    Beauty is in the eyes of the beholder. At times a wind sock is more effective than a crystal ball. There's always somebody on the other side of the trade.
  12. efficiency

    Symetrical triangle question

    Graphically, a triangle, irrespective of time frame, must eventually resolve. No choice unless price moves dead sideways. That's not to say resolution couldn't be a headfake. That's where filters make their contribution. Propensity of existing holders to settle for less and less to...
  13. efficiency

    Do you think moves in the markets are premeditated?

    Except for 9/11??? It was the granddaddy of orchestrated events in the modern era. WTC couldn't have been foreseen, but a week hiatus is plenty of time to "plan". They weren't prepared via shorting so........., the only alternative was to be long. Gap downs across the board...
  14. efficiency

    AXR...yep..I thought so

    Better a douche bag THAN a troll or pop psychologist. Condescending? At least an inlking of substance in virtually everything I write. This is an exception. You (and your pseudo mouth) originally approached me. Don't act so god damn surprised. Little man behind a computer screen...
  15. efficiency

    AXR...yep..I thought so

    The stock based for 20 years (or perhaps 35 years) depending on your perspective. Somebody endured/accumulated sideways for that span. It wasn't the specialist. And........it wasn't for a scalp. Price to sales is not in la la land. Insiders STILL own a chunk. Those holding since 2003...
  16. efficiency

    statistics of losing traders

    There's a distinction between trading and trading for a living. The latter, like any business, whether it's a hot dog stand or a welding shop requires capital (as welll as a certain amount of effort and the ideal attribute of consistency). Is "your" 90% expectancy or capital erosion? It only...
  17. efficiency

    NYSE Fines Seven Specialists

    Sheesh. Order flow dwarfs all prior time frames. "they" have yet to liquidate tax segregated accounts, meaning yet to be accounted. Once accounted, a/k/a top, why, "they" will be making it on the short side. Probably 3 to 4x faster. Fines are a cost of doing business. When it comes...
  18. efficiency

    does volume head price or price lead volume?

    What's this "hmm" shit? Where YOU wanting an answer to such a unbased question? The answer is no.
  19. efficiency

    does volume head price or price lead volume?

    Hiigh volume = Public Public = weak hands. Bugs at the porchlight. Public includes institutions under the guise of fiduciary responsibility. Depending on size, slow moving prey. Higher volume satisfies the primal insitinct of safety in numbers or, in some cases, feeling left out...
  20. efficiency

    Jesse Livermore timeless wisdom

    Folklore isn't just Paul Bunyon, Daniel Boone and Davey Crockett. There's a distinction between trading skill/money management versus 10% margin, no upticks, outside capital, acts of God, press releases, and insider information. For clarification, here's a sketchy chronology: By 1900...
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