>>>I've decided bobby beara that the MM's create hammers and chart patterns purposely to entice traders to buy the market. ~gg~<<<
no, i don't think so, this is the assemblage of crowd behavior, from decision to indecision, and condition of supply and demand, that's why i like candlesticks, because the present a clear picture in the short term of supply and demand, despite all other characteristics of markets that many people adhere to, the bottom line is supply and demand, i think most pnf people will tell you this.
there is no perfect indicator to tell you when supply is in control or demand.
last weekend the front SI screen highlighted my bearish post, plus more important a bearish post by Gregory Mullineaux, who i would call a permabull, from my scant perusal of his posts over the last 9 months, and numerous painful responses to that, I guess that and the jerry going bearish at the ndx 200 day moving averaging has got enough people out of the market and has now created a position of demand on a rebound in the market, of course this is subjective, but the oversold trin supports this, and the failure of many leading tech stocks, like csco, sunw, txn, to take out major support.
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