** The US Dollar reversed on Monday after making lower
lows (vs. Friday's low) and then closing the session at
higher highs (vs. Friday's high)
** Gold & Oil are starting to show some signs of weakness,
with Gold testing its support at 755. (74 for the GLD etf)
Nasdaq breadth remained surprisingly weak on Tuesday, despite the big opening gap. This is a bearish divergence that points to continued selling pressure in small caps and semiconductors.
Short AMMD
Wednesday, October 24, 2007
Morning Call
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2 comments:
PEOPLE NEED TO KNOW WHAT SORT OF STRATEGIES THE HEDGE FUNDS RUN!!!
IT IS CROOKED AND UNFAIR-LIKE STOCK BUYING POOLS IN THE 1920's-SHOULD BE ILLEGAL BUT ITS NOT- tell me this much why would a internet broker like scottrade-schwab-etrade etc etc go bet contrary to their clients actions??? and how could they know what their traders are doing unless they have a automated computer program that traces and strategizes to make as much money from their clients accounts-like selling stock to clients at market price without the order ever hitting the trading floor etc etc and then using the options market to manipulate price and shake the tree-by hitting the bid or ask in such a way as to mask the price movement up or down -how many traders(day) are actively trading a single stock at a time-are the millions of shares traded-just between brokerages who then close/swap shares back to eachother or themselves after hours or on /in the blackpool? and how does the clearing house for all the exchanges make their money how wealthy are they and do they tell the FIRMS which stock to trade with what program to run(im sure they have many) as a way to bilk smalltime traders investors out of trillions-is not that the greater fool theory on a grand scale? i know of some of this cause i called INSTINET and asked them a few hard questions which their reply was" you only get to trade with these special programs if you are a licensed broker firm(commercial acct)for example: ALGORTHMIC TRADING PROGRAMS
CobraSM
Accessing liquidity opportunistically without changing the spread
Cobra was developed to enable the trader to access liquidity without changing the spread or revealing a presence in the marketplace.
Cobra places child orders upstairs on Instinet CBX® and on NASDAQ using a stealth functionality that controls visibility, pricing and execution triggers. The goal is to let the user remove liquidity opportunistically while keeping the spread intact.
A user-defined execution style can be set to determine how aggressively the rule should trade. Cobra is for use with U.S.-listed equities only.-this was a quote from their website
http://www.instinet.com/index2.jsp
if you could publish an article on this minset/rambling that would be grand swim-thanks again-soon i will have confidence to get back in and swim-Spud
Thanks, yes I will. Because you have covered a lot of ground, I have to do it post by post, it will take a while.
You are right on, big guys are manipulate the market, all the times, that's the way they make money, unfortunately on our's expenses.
There are some brokers give you level-II, you can see exactly how GS is trading, so you can follow them. Yes, I have met a day trader, he just trade on one stock for last, oh maybe 10 years. I am not going to disclose which stock and how he trade it.
But he trade at a particular time in a day, maybe trade 3 - 6 times per day, he makes a living on that. The amazing thing is, listen to this: He has not been in red for last 200 some consecutive days!! I am not sure my record can beat that (Well, I have to admit, I can not).
Have fun,
Market Swimmer
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