JI
jimkane
Rep: 3,058
Posts: 33,089
Right, but when the market is thin and illiquid then the programs can make it move a lot with little trading. It gives them the chance to run it a lot with a lot less money. That's why they do a lot of manipulating in the pre-market.
Originally posted by sirios
As I know big corporations almost all people are going to go on holiday.
Originally posted by jimkane
They have all next week, too.
Originally posted by sirios
Where is the power which we've seen in first move up ?
If they really want to have higher bonuses they do not have a lot of time.
JI
jimkane
Rep: 3,058
Posts: 33,089
But, watch this little bullish ABCD here now for clues. I'm just not seeing downside... It may be coming, but I don't see why they'd sell here. I don't mean geometrically, I mean sentiment-wise.
SI
sirios
Rep: 0
Posts: 157
Yes, I agree, but it works in both ways. If they want to send it up why they wait so long ? They could break resistance at the beginning of december and then whole market would send it into sky. But they didn't. I think they keep it as high as possible to take bonuses and then they drop it.
In my opinion critical point for beginning of previous bessa (2007) happened just after Christmas. Of course charts are different, but for me current situation looks very similar.
In my opinion critical point for beginning of previous bessa (2007) happened just after Christmas. Of course charts are different, but for me current situation looks very similar.
Originally posted by jimkane
Right, but when the market is thin and illiquid then the programs can make it move a lot with little trading. It gives them the chance to run it a lot with a lot less money. That's why they do a lot of manipulating in the pre-market.
Originally posted by sirios
As I know big corporations almost all people are going to go on holiday.
Originally posted by jimkane
They have all next week, too.
Originally posted by sirios
Where is the power which we've seen in first move up ?
If they really want to have higher bonuses they do not have a lot of time.
JI
jimkane
Rep: 3,058
Posts: 33,089
I hope the high is in. I hope it does what you say. Everyone knows me, I'm only happy when the market is going down.
RA
rat89
Rep: 0
Posts: 7,015
that's what I was thinking...
Originally posted by roofer
last chance for the down elevator
JI
jimkane
Rep: 3,058
Posts: 33,089
So, it gets stopped dead at the 2-tick new high, for about two and a half hours. Then it bursts up hard, and gets stopped dead, for over three hours now, at what high? 56.75. Not that I saw that coming. Zero checkback off this area so far. Note the key 1.272 here. Will I be posting next when this is stopped dead at 65-66? Who knows. Very curious how it seems to, many times, in my opinion, move from one level to the next and stop dead there. When do I trade against the areas, and when do I use them for management of existing trades? We've covered that over and over. 'Context'. 'Context' and price action.
Originally posted by jimkane
I'm watching 54.50-56.00 next (this is a super key price flow area), then 65-66. But, I'd keep an eye on this '2-tick new high' here, in case they game that. I see zero reason to sell, and lots of reasons to grind up, so I don't see any downside in here, but you never know.