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Moment Of Truth


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Engineering, indeed. Take a look at the intra-day 1-minute volume chart of QQQ. At 15:28 you get a volume spike of 1100K shares traded - presumably sold, because the price drops just below the obvious support level everybody is watching. Stops are swept. Then, at 15:38 you have another volume spike of 1100K shares traded - presumably bought, because the price turns back up. Finally, another volume spike at 15:48 of a similar size, to validate the "uptrend".

 

That's a computer behind those trades, of course. Not only are the Nintendo players hired as floor traders; we're playing against computers, too. It's all just a video game, folks. With other people's money.

 

Regards,

Vesselin

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for you americanos very intersting will be monday morning (for you night), look if DAX and CAC 40 break thru 3000 support, if yes, very good sign.

 

Nasquick should be gone now and 872 in S&P screams "oh yeah boy come to mummy"

 

(but i really think they fornicate them shorts totally up before christmas)

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