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Strategies & Market Trends : NetCurrents NTCS
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To: Digger Sacket who wrote (91)10/1/2000 4:58:15 PM
From: Patrick Slevin   of 8925
 
Running stops is generally a local's game. I'm sure ISpec would have better feedback on this but the long and the short of it is that the locals know that if they move it in one direction or another the stops will kick in and the market will by inertia continue along that line.

It's easier electronically, actually, than it is in the pit. At least in the pit people know when it has progressed too far and step in with physical orders. If you look at any time when the market swings are extreme you will see that the E-Mini gets much more elastic than the pit-traded spoo. This is a failing of the Computer-driven method over the pit. A computer only continues to hit stops and swings further than the traders in the pit would allow the market to.

EDIT

<They say that there is no "market manipulation.">

I would not call it manipulation either, to be honest. It's just traders testing the envelope. Whichever way breaks is the path of least resistance.
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