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Strategies & Market Trends : Angels of Alchemy

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To: hotlinktuna who wrote (12064)9/14/2000 1:38:09 AM
From: Bill on the Hill  Read Replies (2) of 24256
 
WJCI shot right past where I bought also. But look at last trade and then bid and ask. I still think they ran it down to pick up shares they were short. A well timed press release or coverage or two will prove me right.

This manipulation of the market by those that can is getting more and more blatant. You can watch the ticks during the day and see the mm's drop prices for less than a minute to pick up shares to cover their short positions. Not hard to see but hard to defend against.

I am believing that it is getting more important in these trading markets to know entry and exit well before taking a position. Having the right tools and weapons to assure better odds of success seems to be the only choice we have for insuring daily survival as retail traders. Those that have want to keep it from those that want. I have the tools now and with the education will prosper.

Just started reading William F. Eng, "The Technical Analysis of Stocks, Options and Futures". Well written, good chart examples with notes, breakdown of trending markets and a division for beginning traders, average traders and the seasoned pros. I find myself somewhere in between all of the examples knowing just enough to talk the talk and trying to walk the walk, sometimes finding I am still crawling. My highliter pen has made it to page 32 tonight and I think this will become my trading bible for awhile.

Nothing good comes easy Mom used to say. She certainly was right.

I do hope we prosper on the WJCI trade. I entered the trade because of past trends of IPO's and because my gut had a feel for that company. We shall see if it was just gas......

As spock said, Live long and prosper, Bill
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