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To: D.J.Smyth who wrote (2180)12/2/1998 11:40:00 AM
From: HECTOR RUBERT  Read Replies (2) | Respond to of 4903
 
I look for price movement pattern to determine their actions. If I was a MM I would have shorted at 105 when I knew of the tighter net margins and would have covered at 50. I would also have taken positions at 50 level indicating the support and bounce of the 50 price.
The rally is upon us and most of them are on board. Once the small investors see a 10 pts gain, they will jump back in making more $$ for MM's. The markets are powered by the big players and not small investors like us.

The is no source that would inform a small investor what MMs are doing. This is why they will continue to have an edge on us when it comes to $$ made on the markets. The best the small investor can do is study patterns and recognize repeating patterns and psychology behind price movements. I know people want hard proof of exactly what the MMs are doing but unfortunately unless you're MM that information will not be available to you.

This is purely a momentum play and MMs know it and they will profit once again during the next rally which began today.

Hector