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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (14250)	1/30/1999 10:12:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

#reply-7549337 As in this post of yours and many others you often mention the ability of Market Makers and floor traders to move prices at will. To whip the markets and capture profits from the small traders. It is just "one" of your many great contributions to us less informed Index players. Yesterday was a very clear example of cleaning house. 1-After the Globex morning pop SPX.... 2-A 16 point drop in 45 min ± 3-Followed by a 24 point grind up...complete with a Top...with narrowing volitility, spikes and triples and doubles on sone charts. 4-A 12 point decline after 3:00 in 30 min ± 5-Complete with a ending 14 point up move in 30 min Remarkable Anyone....on the wrong side of those "WHIPS" even with stops got cleaned out trading futures... I was able to catch the morning low, but hung-on to long at the top and gave some back and blew the short that you and Tom caught. But I did catch some of the rise at 3:30. Because of your notice....I was just very conscious of market action and wished I had a Level 11 for watching volume. But the Bollinger Bands gave some indication of volitility...at best some what trailing. Thanks Patrick "Film at Eleven"....never saw that one