Protege, I don't have time, due to slow back-up service, to give a detailed response. But I disagree with some of your post. We have found over a dozen clear-cut 4DMLs which ALL started with a big gap up. . .all saw their biggest declines on either the 3rd or 4th day in the final two hours. .. and nearly all but about 2 had one break day, usually the 2nd. There was only 1 or 2 5DMLs found over the past 3 years, as I recall offhand. . . but there were about 4 or 5 Compounded DMLs, where a second DML was started by a big gap up within the first DML, generally on the 3rd or 4th day.
Brokerage Houses legally may liquidate at any time. But they set aside certain times of the day for various bookeeping tasks. . . just ask them. And the majority of large firms liquidate during the final two hours of the day.
If we had gained Friday, it would not have changed my view, since it was the 3rd day and there had not been a break day.
The point of the study is not getting deep into the detail. It is the acknowledgment that the Major Brokerage Houses manipulate the markets so effectively that the manipulation can be TRACKED and analyzed after the fact. The study is still too new to rely on it for reliable predictions. But as long as the potential for such remains, it is worth the efforts, IMO.
Thanks for your technical takes, as always. . .
Obiwan has taught you well.
Rande Is |
