ES Journal - 2012
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Quote from kinggyppo:
I will chime in here, wave has spoken over the years about the 800 pound gorilla. The old joke is where does an 800 pound gorilla sit? wherever it wants. The 800 pd gorilla is the fed and other central banks. Acting in unison no one can beat their hand. Underneath is sovereign wealth funds, China has one, most countries have something similar. Next are the large prop desks and hedge funds, large mutual funds and pension funds. In simple terms the large players "they" move the market. That's my .02, wave feel free to correct me if I am wrong.
Thanks King. Your commentary is very appreciated.
But above theory doesn't answer why Wave thinks today was a good day to short market. 800 pound gorilla - fed has spoken - they gave free money to bank desks for 1 more year (from 2013 to 2014). Gold, Copper etc. everything reacted in view of this news.
So, which 800 pound gorilla is going to sell today ? - some big prop desk at a bank, some macro hf ? how does wave know that today will be the day, when S&P will go down? That was what I was asking. I was basically trying to pick up one or two words of 'specific' wisdom, like whats so special about 'today', that wave felt today we will go down. Thats all I was wondering.
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