StockOperator: Whether you prefer to call Mr. Market a Specialist, MM, or Smart Money really has no bearing on things. He or she (sorry ladies) is the 800lb gorilla that we face every day when we turn on our computers.
Well, I have been basing my analysis not only on TA, but also on the premise that the Market is manipulated since the mid eighties. Underlying all the analysis I do is a constant watch to identify the "big boys" intent. I have stated such many times on this thread. Accumulation and distribution is often camouflaged. Although, in this “new era” of small investors, I have noticed “they” often put out less effort than before to conceal.
Of course, one must realize that camouflaged manipulation is not only used to keep folks out of the Market at bottoms or before breakouts, but to also lure them in at Market tops. If one can identify the signs on the trail, one can follow the “big boys” coat tails. As you mentioned divergence (confusion) is often part of the plan.
To All: I have my database up and running with Dial Data again, but I have been unable to access the extended histories I wanted to. So, it was back to the CD for now. My charts are posted and are now located under the Daily Charts menu by my alias. I also decided to get back to basics, the Dow Charts are theoretical again.
Regards,
LG |
