ASX 200 Analysis

[RayG]

Re: commercials are having a ball

Fridays play on the asx 200 and the spi was nothing short of a set up by the commercials to Fleece the market. The spi opens 20 points below sycom close then proceeds to drop through a strong support line trigerring long stops and new wave of technical sellers. Then from about 11am to 4pm they ramp the market from the week lows to the week highs triggering most technical short stops and attracting new technical longs. The market technically looks strong. They do everything they can to mask the real move and catch Joe average retail trader on the wrong side before the real move starts. Today the market has opened low again however this time there could be to many weak traders not prepared to sell it again and caught long which may allow this to finally start to drop. This is just one example of why in the short term the commercials hold all the cards.

Slightly paranoid view, but, if you are correct in knowing what they are doing you can turn the tables and second guess the moves.

Regards
Ray

 

[Jay70]

Re: commercials are having a ball

Slightly paranoid view, but, if you are correct in knowing what they are doing you can turn the tables and second guess the moves.

Regards
Ray

I used to think the same until about 10 years ago when the late Zoran Gayor (reputable trader for 30 yrs) showed me how they did this first hand. But yes you are right in saying this is an apportunity for short term trades. One just needs to trade like a fly on a camels back.

 

[Wysiwyg]

Testing the low end of range again. Hopefully it will bust through and we have a massive sell off and get rid of this stupid bottom bounce .

 

[shouldaindex]

Interesting to learn the theories on how it all works.

As I'm a long term buy / hold it doesn't matter to me (except if I'm trying to squeeze 1-2%) but interesting none the less.

 

[Porper]

H&S pattern triggered today on the XJO. If it retraces to the 50%-61.8% retracement level then this is just the beginning.