Quote from HolyGrail:
And all of this time I thought RFT was an acronym for Really Fake Trader.
Without you realizing it, your statement is absolutely correct (but not in the sense that you think of it or aimed for it).
RFT fakes the bulls at the top, and the bears at the bottom. As I wrote before what you think is right is wrong, and what you think is wrong is right. So just work hard, and do the opposite (particularly in trading) of your conclusions.
Today I did it to the bears at around 10:35AM, and then did it to the bulls when NDX was about to close the gap.
The proof that I did it is here: http://financialtraders.blogspot.com/2008/06/stock-market-stock-trading-june-18-2008.html
And above it all I told everybody (including the bulls) that I will fake them at the close of the gap on NDX, nonetheless they fell for the trap.
Maybe it was hogs who fell in the trap, and got slaughtered again!
RFT (the man who Really Fakes Traders (RFT) at the top and at the bottom and cut their horns)