RE: RE: As a Joe ...TA/Scenario/TacticsThe events for institutional change hands is a neutral events, because -
1) Market responce said that - once that news released, MACD gave sell signal within 2 days, and price dropped below 10d MA. You used word told us "that's great". But investors used their money to tell us, this is not good enough to push it up further immediatly. Should we trust market real money, or trust your word? So, please use your money to tell us, not only your word. Don't tell us that listening to your lesson is more important than watching your action. Oh, I can not see your action, so I watch market. BTW, I hoped this correction was a "shake-out", -that is part of the game, and it would be bullish signal. However, based on volumn pattern, it looks like a real down turn, at least in the short term.
2) While reputation is a reference sometimes, it is not a very reliable criteria. Three years ago, the reputation of you-loved-institutions were better than Bearstain or Leiman Brother? Where are they now?
3) Whatever Institution, as a business org. the main purpose is making profit. Do you want to tell us, even if MF had seen a great opportunity to MAKE BIG MONEY IN SHORT-TERM, they still would like to sell their big position? IF MF were so stupid, how could they survive years in the market?
Canada7, you have lost your OBJECTIVENESS. If you are NOT A PROMOTER ON DUTY, then I guess you may be an enthusiastic but novice investor.