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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (6738)5/6/2002 1:43:23 PM
From: HairBall  Read Replies (1) of 16631
 
Dave Gore: Richard Ney has been telling the tale for some time...

home1.gte.net

Ney opened my eyes in the mid eighties with his weekly appearances on LA's KWHY Financial Programming (now defunct) during market hours. After hours KWHY would broadcast programming in Spanish, I believe that is all they broadcast now.

Ney would provide examples of the specialist doing their dirty work using time/sales tape week after week. He could often glean what the specialists were planning by studying the tape. This revelation motivated me in the eighties to create my own tools and methods to aid in discerning what the specialists (the boyz) were up to. On many occasions the process is somewhat transparent and at other times it is fairly opaque. So, even with this awareness at times one will be wrong. However, trading with the understanding that the game is rigged has helped me profit in the markets more often than not.

Regards,
LG
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