sean93 >
I have been playing in this game off and on since 1987
Most of the guys around here have 20 plus years of experience
and of such I consider NM one of the Masters at Options
Gleno was the excellent chart guy "Guru Status" on his calls
Many other excellent Players here and they are to be learned from
ALL Will agree with the following:
The "Traditional Teachings" or forms of TA
(and I don't care what book you recite from and I have many TA books)
The activities within the market from 10/08 or there about
have broken "Every Rule" in the books. The injection of
countless Billions into the market VIA the Treasury & FED
at set and random intervals has rendered TA rather "QUESTIONABLE"
in any way shape or form and it CONTINUES. ON 9/28 at 10:15
the FEDS primary dealers "propped" the fall and THUS The ILLUSION.
If you look at the activity and "trend" (WHAT TREND) of this
last week it looks broken as hell and ready to drop, Do Not
Bet on it, WHY >> THE FED, next week.
Where do you think all that Sept RAMP came from ????
Regular Buyers NOPE
On and On goes the Manipulation with ""No"" end in sight.
If you think the market Only exist between 09:30 and 16:00
Well the real damage to be Ramped, Crashed or Slung Around
is OUTSIDE of your trading Hours and TA is USELESS to figure
the following move in this current environment. There are
several ways that can be done, FOREX,Futures,EMini's etc etc
Bad Report No Problem > Jam The Futures before the market opens
What happens during the regular hours is the Computers and
the Boyz stealing coin "the Professionals"
You CANNOT think or Trade Fast enough stay ahead of them.
If you also figure in the fact the "PROS" and their
math wizards and programmers have the capability and the
Proven MEANS to "EXPLOIT" any and all "popular" TA points
the (That's Impossible) factor, Yea, we have seen it over and
over again Long or Short Plays, >> NM's Favorites
That's why he is Neutral Man, plays both sides and the middle
You MIGHT Get lucky and make some coin but the Odd's
are NOT in your favor PERIOD especially holding now even
overnight.
Sorry That's the way it is
Disaster is only a Keystroke Away
