Sheep to be lead astray. The newest carrot for the bovine intelligent is "Charting" the stock price. This is a classic "Impression Management" where a poster who no one has any idea of who they are in the real world posts his charting shows a down or up band. Now once he persists that he is right then he gathers up the bovine intelligent and herds them where ever he wants them to be.
If was once said that you could lead people into a desert and they would drink the sand thinking it was water because they would not know the differenece. However, that is not really because the truth is they would drink the sand because they were told to.
In a slow market where there is not a lot of volume then one person, group, influence, whatever can easily manipulate a price. No indicators are reliable on a stock that does not trade at least 750K a day ... ever day. Simply because every trade in a low volume market crosses the MACDs and thus is about as reiable and leaving a hound dog to guard your food.
These chartist if you watch there postings ot others on the MB you will see a few things.
1. They want a position so they are not going to attack the fundamentals merely the technicals to get the price as cheap as possible.
2. Their objective is to stop buying and left the market take care of itself. They realize there is not always buyers but there is always shorters and seller. By stopping the buying the price will fall, especially if they can short it down. Stopping the public buying they do not have to short as much. Price versus Stock to get an effective drop.
3. These types are always buying on the bud and selling on the ask to play the spread. In a slow market and low volume they can make a fortune as long as they can effective impression manage the MB for people to do as they are told.
4. If you find one basher turning around then they have covered and got the stock they want and if another basher is still short you will see the one not cover just make a post civilly that the price will go lower. The turned basher goes silent. Out of respect I guess so the market can go to where the not covered basher has covered or gotten a position.
5. Now all bashers are positive. They have their position and ready for the bovine to buy now so they can sell for whatever gain they want to make.
6. These type do not want you buying when they are trying to buy and do not want you selling when they are. The Bovine Intelligent or sheep have to do what they are told in order for the chartist to make money at little risk.
7. Once the low price is established the Chartist professes their unique charting indicators and savvy at predicting the market.
Yeah, hail the infamous wisdom of the chartist and the cult begins.
You would think people would be getting wise to the new story same game routine.
Gary Swancey
:=) Gary Swancey
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