Post by
bullchart on Oct 29, 2015 12:37pm
Highs oct 19 and oct 26
IF we can slide past those tomorrow, this will be in the 50.00 range in no time. Only the 13th day below 50.00 but seems much longer.
Some cells stops will go in by those that want to protect the move so far. When the fund managers or mm's see enough of these, they tend to drop down and pick them up causing the little guy to chase higher. Nice trick, works most of the time for them.
Comment by
bullchart on Oct 29, 2015 12:40pm
Should read "some sell stops will go in by those that want to protect the move so far." My voice text is acting up again ..
Comment by
adamchess on Oct 29, 2015 1:12pm
Sounds like the fund managers and MMs are into more abusive trading practices that should be reported to the IIROC. If you have specific data and times, they can look into these matters and start action against these individuals. Probably just a slap on the wrists, but I'm sure it helps.