RE:RE:RE:RE:Not a conspiracy theorist but...masfortuna wrote: HighOctane89 wrote: It's a computer program , as long as Toronto wants to depress the price the algo pattern will remain the same . Well played mas
itsalie wrote: masfortuna wrote: I had noticed a trend that 1234B also noticed. The sp jumps at the open and then drops after 10:00. Ihold a core but have some trading power and for the last 26 market days I sold at 9:45 and bought at 3:45. I did this with 3 companies and BTE is one of them. Guess what? 24 of the 26 I was in the green and I am up 52% on those 26 trades total. A few time could be coincidence BUT 95% is definitely not. FYI the same thing happened today for a 1.5% gain. Will buy back at 3:45. If this keeps up for a few weeks, I will actually be in the green with BTE. Never seen this before.
So anybody care to explain what that's all about?
Well played, I have also noticed a simialr trend.. stocks sell off around 10am
The price of wti goes green as soon as the international markets open and goes red when North america opens (or shortly after). That's the pattern.
It should not be based on algos as this is an essential commodity. I am beginning to think it's intentional to allow cheaper oil worldwide and avoid inflationary pressure. If that is the case, then you can forget capitalism and free markets. i just didn't expect the USA to be the main culprit.
I have been accused of being a conspiracy theorist with a tinfoil hat over the past 7 months but I don't know how this isn't obvious to everyone . Oil is being blamed for inflation and is under constant attack , kill the price of oil and kill inflation even though it's not that simple . Idiotic government policy put us here and now Wall St greed has left America with cheap gas as the drills stop turning . Biden better get those battery plants running soon because oil is gonna be in short supply .
This market is so out of balance , take today , the US LOSES 600,000bpd AND WTI GETS SOLD OFF !!!!!! This is ridiculous but while they think they are scaring the market , all I see is 2023 profits