LOL. In truth, I prefer the term Professional Money. The problem is most people do not know the type of professional being described. Hedge fund managers and mutual fund managers are professionals, but are not the Professional operator about which I speak. Professional syndicate traders are different. They are secret and they are real.
Take a look at any price chart. You will see that at highs and lows there is always somebody buying and somebody selling. The group that tends to be on the right side most of the time is the "Smart group". Of course, I am assuming that you believe in that thing called the herd. As a group the retail traders tend to be on the wrong side of the trade at tops and bottoms. While I am not really concerned with picking the top or bottom, I am concerned with the group that is on the correct side at them.
It is their selling (dumping supply) that creates the top and their buying (soaking up supply-demand) that creates the bottoms. Generally, people term them "smart money". Not because they have a lot of it, but because they seem to be putting it to use on the right side of the move and at the right time.
But if you think that the big money players do not have better information, better access, and are highly intelligent with the best educations, then you are simply wrong.
Wake Up.
P.s.- Richard Ney's call to the masses, if you will, was wake up. It was on his license plate, if you see pictures of him in front of his car. He believed the public should realise that the markets were being manipulated by Professional money. A famous ganster who was given access to the "back rooms" of the stock exchange said afterwards, "I think I joined the wrong mob".
I put the words in my posts but they are directed at nobody in particular; rather to everyone in general. And with deference to Ney.
