Acid Trips, Market Manipulation and Trading Chaos
I'm not the only one noticing the market manipulation and contra trend set ups. These are blatantly set traps that the public is walking into. Heres some validation:
From Reuters: “The weak data (durable goods report)could make it easier for the Treasury to sell $24 billion in new two-year notes later in Wednesday's session. The last few two-year sales have drawn disappointing demand, but talk of an economic soft spot might attract better money to this auction."
From Financial Sense Online: "The dollar should have been nailed lower today with the horrid durable goods report, but not in these heavily managed markets! No! No! No!
We have a bigger priority…we have to sell U.S. Treasury debt today, to the tune of $24 billion of two-year notes. The government's borrowing needs are first in line, and we never see the dollar take a hit on a day the Treasury conducts debt auctions. How do you think the demand would have been for today’s auction if the U.S. dollar was tanking badly versus the yen and euro?
Remember on Monday and Tuesday the dollar strengthened modestly, but surprisingly, gold moved higher. It looks like yesterday’s gold action was intended as a trap for unsuspecting investors."
From Mark Pierce III (aka Marky Mark): "The stock market has degenerated into total trading chaos. I've attempted to predict some type of short squeeze, an orderly bearish flag consolidation, or some other normal and typical pattern. But it seems impossible.
Seems that the only ones making money are the brokers, specialists, and the exchanges handling the flurry of orders every day, and collecting a fat check for margin interest each month. Watching the markets and trying to predict its behavior is like taking a 1974 Acid Trip."
Market Chaos Abounds
From Reuters: “The weak data (durable goods report)could make it easier for the Treasury to sell $24 billion in new two-year notes later in Wednesday's session. The last few two-year sales have drawn disappointing demand, but talk of an economic soft spot might attract better money to this auction."
From Financial Sense Online: "The dollar should have been nailed lower today with the horrid durable goods report, but not in these heavily managed markets! No! No! No!
We have a bigger priority…we have to sell U.S. Treasury debt today, to the tune of $24 billion of two-year notes. The government's borrowing needs are first in line, and we never see the dollar take a hit on a day the Treasury conducts debt auctions. How do you think the demand would have been for today’s auction if the U.S. dollar was tanking badly versus the yen and euro?
Remember on Monday and Tuesday the dollar strengthened modestly, but surprisingly, gold moved higher. It looks like yesterday’s gold action was intended as a trap for unsuspecting investors."
From Mark Pierce III (aka Marky Mark): "The stock market has degenerated into total trading chaos. I've attempted to predict some type of short squeeze, an orderly bearish flag consolidation, or some other normal and typical pattern. But it seems impossible.
Seems that the only ones making money are the brokers, specialists, and the exchanges handling the flurry of orders every day, and collecting a fat check for margin interest each month. Watching the markets and trying to predict its behavior is like taking a 1974 Acid Trip."
Market Chaos Abounds
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