long 77.50, stop under 75, see if we get the updrift yet.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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So back to the ?
730 by friday or do they burn the shorts and do it next week.
730 by friday or do they burn the shorts and do it next week.
Let me ask you guys a question:
I happen to read many sentences with the word "THEY" used frequently...as if the markets were manipulated by "THEM"
I am not naive to the point that I believe the markets aren't manipulated...
Yet, do you seriously believe "THEY" play this kind of games? If yes, how? And who are "THEY"?
Do you really believe there is a syndicate of institutionals with fat wallets who like to play with our minds? Like, they drop a few days in a row to make it look like those lows will be tested, and after they get real close to them, big rally to "burn all shorts"?
I do believe this kind of practices are played intraday when volumes are low and markets are easier to "manipulate"...the classic "stoprunning" spikes.
However, don't you think it's a little harder to do that on a larger scale?
I am asking these questions because I read the word "THEY" a lot.
And although I believe there are instances where markets are a little manipulated, I simply believe that if we can't make new lows at this attempt, it means there still are bulls interested at prices higher than the lows.
After all, it's supply and demand.
If we were to rise higher from here, we'll eventually rise to the point where bears outnumber bulls...and so on.
The day there are a few bulls left around those lows, that's when we'll test them or break them.
Isn't this thinking approach a little healthier and more logical?
I don't think it's a positive thing to believe every single swing is manipulation...why not think in terms of supply/demand instead?
Mine are just questions, I am not judging anyone.
If anyone has any experience with institutional trading, would you please step up and provide some insights? Like I worked at GS and used to call my buddies over at Merrill and Lehman and we'd set out a bear trap to kill all bears...
holy crap i just peed myself from laughing at this. you have just pointed out what I am trying to figure out. Normal people have a god or some greater being, traders have "them" In the end none of it matters expect for price, what ever crutch you need to believe in to justify a movement is up to you. Perception is reality!
Fseitun, you ask good questions and make valid points.
There is no THEY. If there were, markets wouldn't be predictable and banks and HFs wouldn't lose money.They are actually us. We are them.
Of course it is possible that I am wrong and THEY read this Journal and follow my predictions, who knows???
P.S.: The market is like a leaf picked up by ants. If one analyzes them 70% are actually working against each other cancelling their effort out and only 30% moves the leaf in the desired direction. The same with the market, lots of pushing and pulling and eventually we move in one direction....
There is no THEY. If there were, markets wouldn't be predictable and banks and HFs wouldn't lose money.They are actually us. We are them.
Of course it is possible that I am wrong and THEY read this Journal and follow my predictions, who knows???
P.S.: The market is like a leaf picked up by ants. If one analyzes them 70% are actually working against each other cancelling their effort out and only 30% moves the leaf in the desired direction. The same with the market, lots of pushing and pulling and eventually we move in one direction....
I can't resist:
But Patrick Byrne hero of the anti [naked] short selling brigade.has said many times that the market is controlled by an evil Sith Lord.
Patrick Byrne is t CEO and founder of Overstock a company that usually has huge short interest. I'm not sure if this would cloud his judgment at all.
Check the links, very serious implications for the market f it is true.
http://www.theregister.co.uk/2005/12/03/overstock_issues/
If its on CNBC it must be true.
http://www.sequence-inc.com/fraudfi...iscussing-the-sith-lords-fax-machine-at-cnbc/
Disclaimer: It has also been postulated that the huge short interest is due to issues with the companies performance, but that is not nearly as interesting.
Remember it is always important to have a life and not take too annonymous web forums too seriously .
But Patrick Byrne hero of the anti [naked] short selling brigade.has said many times that the market is controlled by an evil Sith Lord.
Patrick Byrne is t CEO and founder of Overstock a company that usually has huge short interest. I'm not sure if this would cloud his judgment at all.
Check the links, very serious implications for the market f it is true.
http://www.theregister.co.uk/2005/12/03/overstock_issues/
If its on CNBC it must be true.
http://www.sequence-inc.com/fraudfi...iscussing-the-sith-lords-fax-machine-at-cnbc/
Disclaimer: It has also been postulated that the huge short interest is due to issues with the companies performance, but that is not nearly as interesting.
Remember it is always important to have a life and not take too annonymous web forums too seriously .
is it possble that last fall when merrill,lehman ,bearstearns,wachovia washington mutual,were liquidating that they called jpmorgan ,golden slacks and a lot of other not so well known houses and asked them if they wanted to cross large block trades at a discount ,and that THEY knew who was liquidating and who wasnt and we didn't...of course not..that would be prior knowledge,... and we all know the SEC would never allow such a thing,as a matter of fact that's legal because they are so sure no right minded ,moral ,ethical ,pillars of the Wall street community that THEY are, would stoop so low as to short the same stocks,to wait with small buy orders at lower and lower prices for months and months until these firms dumped their troubled assetts onto the market...THEY ...that's a preposterous idea...total hogwash
Definition of they
generals
lions
smart money
non retail
professional traders
An entity with deeper pockets than the majority of those playing the game
So much of this is intertwined with derivatives due to hedging by whales, funds and market makers.
If the market was truly random, then us small frys would not be able to consistently take advantage of them to profit on the moves.
If you had deep enough pockets to throw large amounts of money into positions knowing that by doing it is highly probable to cause a breakdown or breakout that all the others will follow along with the arbers and programs would you not take advantage of it ?
generals
lions
smart money
non retail
professional traders
An entity with deeper pockets than the majority of those playing the game
So much of this is intertwined with derivatives due to hedging by whales, funds and market makers.
If the market was truly random, then us small frys would not be able to consistently take advantage of them to profit on the moves.
If you had deep enough pockets to throw large amounts of money into positions knowing that by doing it is highly probable to cause a breakdown or breakout that all the others will follow along with the arbers and programs would you not take advantage of it ?
THEY are the ones that prearrange the block trades that you see go off on time and sales but are never shown on level II.
So much goes on behind the scenes with the market makers and big money that we will never truly understand it all so all we can do is adapt to take advantage of the footprints that THEY leave behind.
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