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Reply #7: Tuesday, 5-25 Was an Odd Day in the S&P [View All]

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specimenfred1984 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-16-04 01:03 AM
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7. Tuesday, 5-25 Was an Odd Day in the S&P
I watch 2 minute charts as a trader and 5-25 was suspect. The price would go up then just sit still for a while, no sellers then, surge up again on high buy volume.

Small traders weren't taking profits but big trades were occuring on the buy side.

Call it conspiracy, call it PPT, call it irrational exuberance: it was rigged whatever it's called. I've been trading since 1991 and that day was one of the oddest days I've ever seen. This current market is being propped up.

Sure, it's being manipulated by false govt reports and corporate lies all the time but, it's worse now than it's ever been, all part of the fake prez's Twilight Zone of lies and doublespeak.

I worry about the current and future integrity of U.S. markets. The big money can step in a protect the markets during a disaster like 9-11 but, stepping in and rigging the markets just for political reasons is BS, it gives traders and investors the idea that the markets aren't free markets at all.

Yes, there are limits already on daily price moves that forgo the idea of truly free markets and corruption is still huge but, f-ing with the markets for non-market reasons hurts credibility and if credibility were truly destroyed, we'd be in a heap of trouble, as in no country would help us or want to get near the U.S. markets.
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