IMHO, maximum merchandising & manipulation operation is now underway...
#1
Posted 30 October 2008 - 06:58 AM
#2
Posted 30 October 2008 - 08:20 AM
#3
Posted 30 October 2008 - 08:32 AM
Hi Bob, You are watching an indicator as old as odd lot short sales.....i think those folks do hedge.....don't base your trades on that alone.....
Hi Paul, nice to hear fron you, thanks for your reply.
Cheers,
Bob
#4
Posted 30 October 2008 - 08:50 AM
#5
Posted 30 October 2008 - 09:27 AM
Hi everyone, IMHO, there is an extreme effort underway today by the PTB to sell their stocks and stock-index-futures to fund managers and traders "coincidentally" on EOM day and fiscal EOY. Buyers should ask why is it urgent for the PTB to sell to them today even before the open of regular trading. As I have posted before over the years, IMVHO, when a department store holds a sale they lower prices to entice customers to buy the the goods that the store has an urgency to get rid of; when the MMs and PTB hold a sale they raise prices aided and abetted by media and investment-house shills to entice traders and fund managers to buy and/or cover their short sales. Remember, it's always a merchandising operation worldwide 24/7/365. The faster they take them up the quicker they run out of inventory; they will then sell short to the frenzied traders and fund managers in order to profit from their short sales when they take the market down, cover their short sales and then begin to re-accumulate at far lower prices than the current prices.
IMHO, if the closing INDU, SPX, and NDX prices are far lower than their ID highs today that will be a major tell about where they're going to take prices next week, namely down, especially after the election. Never just say look at all those buyers, ask also who is selling to those buyers and especially ask yourself why are they urgently distributing their stocks and stock-index futures' contracts to buyers at these price levels rather than at far higher prices. Ask yourself "what are their motives"? Think about how they can manipulate the markets and drop ( or raise) indices and futures hundreds of points in minutes. They have billions of dollars at their disposal aided and infused by the government to buy and/or sell futures' contracts. Bottom line, IMHO, this rally is a set up and a major merchandising effort by the PTB before the election. Either by the EOD and/or after the election they will pull the plug and say some cliche like "traders and fund managers sold on the news after they had earlier bought the rally on the rumor" or some other inane cliche. If you're long caveat emptor and TMAR (take the money and run)! Parabolic rises always end badly! What they giveth today they will taketh away just as fast. IMHO, nothing in any worldwide market, they're all merchandising markets, is done by the MMs and PTB by accident or arbitrarily; the motive is always merchandising. Be very careful to insure ROM (return of money) before speculating on the other ROM, i.e., return on money.
Have a great and successful trading day.![]()
Bob-C
Hi everyone, the INDU, aka the "dirty thirty," was up 276 points and is now up only 142 points.
Cheers,
Bob-C
Edited by Bob-C, 30 October 2008 - 09:28 AM.
#6
Posted 30 October 2008 - 09:34 AM
#7
Posted 30 October 2008 - 10:57 AM










