Australian (ASX) Stock Market Forum

Price manipulation in the markets?

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As you all probably saw on Friday, the DOW rallied in the last 30 minutes of trade on a CNBC bailout report.... Seems like some price manipulation is coming into play.... someone kept buying the market throughout the day to avoid a support break, then we finally see a support break and what looks to be a clear sell off.... then, what do you know.... CNBC reports! I don't think this is a co-incidence... atm I am bullish this week in the markets but will definately wait for the confirmation of breakout...

any other opinions?
 
As you all probably saw on Friday, the DOW rallied in the last 30 minutes of trade on a CNBC bailout report.... Seems like some price manipulation is coming into play.... someone kept buying the market throughout the day to avoid a support break, then we finally see a support break and what looks to be a clear sell off.... then, what do you know.... CNBC reports! I don't think this is a co-incidence... atm I am bullish this week in the markets but will definately wait for the confirmation of breakout...

any other opinions?

I wouldn't rely on CNBC for breaking news on markets. The news will hit participants long before you see it on CNBC.
 
Have noticed the daily action of the Dow on the chart is often what I call a hammock shape, drops down in early trade and pops back up at the end of the day.

About 40% of the time on the attached ten day hour chart, http://bigcharts.marketwatch.com/ad...rsToggle=false&chartStyleToggle=false&state=9

And I have also noticed media reports timed to tuck it back into bed at the end of the day too. Local news at 7am stated Dow down only a few points but in fact down 34 on the close. Dow movement has a huge effect on All Ords.

Good thread topic and should create some interest here.
 
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