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k_trader

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k_trader

Re: A deleted message

Friday, 07/16/2010 12:35:30 PM

Friday, July 16, 2010 12:35:30 PM

Post# of 23476
As I stated yesterday, charts only work when MM's are not in controls, clearly MM's have been in control of this stock and have been pushing prices lower. This has obviously caused panic which resulted in today's massive sell off. It is clear you cannot chart MM's movements you can only chart when the stock is in control of the masses so you are able to forecast human emotion (greed and fear), today obviously we see a lot of "fear" which is caused the sell off.

We simply attempt to be fearful when others are greedy, and to be greedy only when others are fearful - Warren Buffett

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