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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: j g cordes who wrote (26190)4/16/2000 6:26:00 PM
From: j g cordes  Read Replies (1) | Respond to of 69878
 
continued..

Clint, this isn't the final word and a little dated, which as you know means very dated as change in markets is very rapid.

One point to be made is that we don't see half of what's going on. We see the trades go through, but the sellers and buyers remain behind a curtain. Direct trading behind the curtain goes on. There are positions waiting for prices and positions waiting for price points that initiate derivative positions. The wiring is very complex. Within this mess there are roving bands of traders that look for weaklings or stray equities, they pounce on them, drive them up or down and move on pocketing the equity like a vampire swallowing after a good bite. As communications is nearly instantaneous, as a good sum of money can be directed into and out of our markets from an offshore distance, coordinated raids (equity price pirates if you will) are probably going on also. As XYZ international brokerage was killing its stock here, the right hand was preparing to make money on the selling about to occur overseas.