ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

In old days, all it takes is to paint IBM to keep dow staying green.

Now, you need to buy the junk yard collection - the financials. =)

And those who paint the tape are not likely losing $ on these purchases too because they can hedge.

Once distribution is done, they pull the rug.

Sometimes this kind of distribution may last 2 to 3 days.

Old tricks not used for several years already ... making me feel old. =)

Edit: we are STILL holding triple green, no cigar for the shorts

This is an extremely naive question, but how exactly do they distribute as they paint it green? (which I assume requires buying)

Thanks.
 
Quote from tomahawk:

This is an extremely naive question, but how exactly do they distribute as they paint it green? (which I assume requires buying)

Thanks.

Buy a small set of stocks to hold up the index.

Sell everything else in stealth mode (offer only, no smack down on bids, etc.).

Clear enough?
 
Quote from satchel:

:eek: three lower highs since 10 am. nothin to worry about.

994.25 is 10 pts from AH high, right around previous day close and PP.

Perfect place to induce w. spring.
 
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