Wednesday, January 5, 2011

More Market Games

Here’s another example of how this market tries to actively trigger sell orders before moving higher.

On Dec 31st, it barely took out the low at the end of the day. You know guys got stopped out. It then ramped higher on the open Jan 3rd. The Dec 31 low was then marginally taken out yesterday (Orange Arrow). Again, you know people got stopped out.

There’s an investor conference call today to discuss the recent selloff and Cramer told you to buy the stock last night. In my opinion, that dip yesterday (price move, not Cramer) was designed to get people out of the stock. Period…

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