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Politics : Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robov who wrote (5778)	4/6/2013 6:46:53 PM
From: Harmens	Respond to of 14245

I agree with the pattern you’ve observed during the last 2 ½ years. It is absolutely correct. I would like add my 2 cents to the bank of our common wisdom. About these first minutes after the market opens - If there is a distinctive trend, then traders sell into strength and buy into weakness. Professional traders know how many sell and buy orders they have before market opens, so first of all they put out the orders which go against the trend. About COT – miners (Commercials) buy shorts as a hedge for the price drop. They don’t speculate on the market, just hold it for the insurance. I also noticed that GLD and IAU came under selling pressure (e. g. IAU has big negative volume spikes at 1:40 and 3:00 pm). However, COMEX doesn’t copy it. So with such flimsy evidence I would not go to court to sue FED that they tried manipulate the gold price on Friday. Regards Harmens