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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST

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To: john rieck who wrote (11527)4/20/1999 1:12:00 AM
From: pigfarmer  Read Replies (2) of 99985
 
i'm not new to investing but, but a couple things i still don't understand:

who are the "big boys?"
what is the "smart money?"

i see many references to these terms, on this thread.. but i've never seen a lucid definition...

thanks in advance!

ps.. i watch several issues every day on level II and i am convinced that market makers (as a whole) are no more clairvoyant than your average daytrader, regarding near term price movement...
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