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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (213637)	4/18/2025 8:02:41 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 219926

Double top. Thirty years ago when in London I would attend the society of technical analysts meetings with a friend who was a member. We shared a common interest in shares and of course their pricing, along with geopolitics. We had worked together in BP Oil international HQ. I nicknamed it the head and shoulders club. They had chart patterns and technical analysis galore. I explained to my friend that it's all out of date. By the late 1990s there were PhD mathematicians armed with supercomputers and low latency connections to exchanges. They were no longer outwitting dumb chimps with a stock broker and a head and shoulders chart. They were doing battle with each other. My theory on flash crashes was that they were not mistakes, fat fingers or panic. They were duels between several modeling teams trying to outwit others. A clever one might sell and cause a perturbation, which would be noticed by another which might sell into the trend which would scare a slower one which might dump a load to avoid a loss, which might stampede another to sell, which might trigger stop loss orders, which would precipitate margin calls, which would generate arggghhh.... Then the quickest would buy big and trigger the upward race... Before you've even refreshed your browser to see if your head is still on its shoulders it's game over. My plan was to lie in wait with orders to buy at about 10% below market price. But I gave up that plan because the dopey authorities would cancel trades made at "false" prices. The stupid authorities thereby reduced market liquidity which is crucial to maintain stability and confidence. Markets are such fun. Your charts are so last century. Mqurice