its frustrating when you watch whats actually happening in the market, and then a certain "invisible hand" seems to come in and suddenly buy massive blocks and contracts at some random ass price that completely ignores convential 'market manipulation' techniques and technicals of the market, usually goes market and you see 2 or 3 big candles before the natural market forces kick in and start pressuring the market again...
especially premarket in the futures market... run us up and then try and hold the gap for the market to find brave buyers and traders...did it monday but it failed horribly...held the lows yesteday...and they're doing it again today...
internals are garbage and yet we're up on a double digit bounce? there's massive distribution and liquidation going on across the world and we're bouncing and holding 10 - 15 pts before crashing again....
they did in in 04' and 05' , interestingly enough right after they had Hiddenburg Omens(a set of coditions that if met predict a crash or large decline w/ amazing accuracy), as we have NINE Hiddenburg Omen clusters in the las 2 months...
"In September 2005, the Fed pumped $148 billion in liquidity from the first week in September, just before the Hindenburg Omens were generated - to the third week of October, an 11 percent annual rate of growth in M-3 (2.5 times the rate of GDP growth and 5 times the reported inflation rate), to stave off a crash. The liquidity held the market to a 2.2 percent decline from the initiation of the signal.
In April 2004, the Fed pumped $155 billion in liquidity from the last week in April - right after the Hindenburg Omens were generated - to the third week of May, a 22 percent annual rate of growth in M-3, to stave off a crash. Even with the liquidity, the market still fell 5.0 percent." - Robert McHugh, Ph.D [Why the NASDAQ Decline is No Surprise:
The Past Performance of the Hindenburg Omen,
from 1985 through 2006 - An Update]
