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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Mark Konrad who wrote (35230)	9/19/2000 9:05:41 PM
From: BigWave Dave	Respond to of 57584

Manipulated TA? Thought you would enjoy this take on the pros "engineering" TA patterns..... forum.ino.com Posted By: Jim B. Tuesday at 5:50 pm In Response To: wheat today??? (eddie) In my opinion, what happened yesterday was an engineered "key reversal." The reason many of the old patterns no longer work is that the avg. small spec is only too well aware of their existence. 20 years ago, who the hell knew what a key reversal, or doji star, or bullish MACD divergence were? The pros knew, just didn't have a label for 'em yet. And now, the pros know that engineering so-called "key reversals" on the charts will be irresistable to small specs looking to bottom pick a declining market. The smart trader looking for an edge has to know this too. We have to look beyond the immediate and obvious to what the reality of the current market is. We have to stay two steps ahead of the game, because the small spec is content with his illusory one step ahead. I didn't post it yesterday, but as soon as I saw posts proclaiming what an impressive key reversal wheat put in yesterday, I knew prices were doomed today. Eddie, you know something about market engineering, I know you do. If you were looking to dump a few thousand wheat contracts on the unsuspecting public, what would you have done yesterday?