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Moment Of Truth

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mm & specialists seem tricky today. Pop up the price, pick off the short stops ( mm's have the limit book, they know where the stops are). Walk the price down, looking for buyers. Run'em back up, suck in some more suckers. Drop the price, scare out the last bunch, build up some inventory, do it again, etc. etc. I think hard to beat these guys when they can see your hand. So, just trade your plan...... screw them.......

 

they can make a lot of money even in a narrow range day, I think.

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Feb 2003 gold closed at $333.80, another gain.

 

On the chart below you can see the pop just before the futures closed.

 

Somebody wanted to be long for the weekend.

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Feb 2003 gold closed at $333.80, another gain.

 

On the chart below you can see the pop just before the futures closed.

 

Somebody wanted to be long for the weekend.

Fokker thinks that Machinehead could order a grilled cheese sandwich and make it sound ominously significant.

 

Fokker is glad to be long for over the weekend too.

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looking at your chart Bearman, if that isn't a clear distribution topping pattern since Oct lows I'll eat my shorts, literally! :)

Pile, I agree with you, but what happens if your wrong. How are any of us gonna know if you eat your shorts or not. C'mon man, we want to know....web cam?

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.......mm's have the limit book, they know where the stops are....

Reasons for using mental stops, alerts and Tradestation strategies (an automated order which is sent to the market only after your price is hit). If everyone did this instead of putting out their stop orders we could start a revolt!

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Brief off-topic rant from Fokker:

 

What the hell's with those new diaper adds, where 2 year olds run around in their diapers giving you, the viewer, pointers on the ins and outs of toilet usage and training? I'd thought that the Kotex commercials with the boucing red dot and the Mazda zoom zoom commercial with Damien Omen VII were bad, but this one's absolutely infuriating.

 

Rant out.

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