The group has done nothing illegal just followed orders to keep the up trend in place and the profit they make is theirs. Everybody is happy.
The only problem they make is for us the analysts and of course for the traders who take the wrong positions. They seem at the first glance to have been active in the Dow futures market since trading started Monday CET 02:00 but especially since Tuesday opening in Asia with a gap below the key-reversal low. The risk was big for a sharp drop and the futures were kept in check by the group until 15:30 when Wall Street opened the trading. Then Dow then suddenly shot up without fundamental reasons and the groups buying was extremely powerful the whole session until their profit taking started at 20:05 and ended 20:50. In five hours the DOW rose more than 300 points.
Here is another example how difficult it is to make short forecasts for the Dow. Anyway this action was in the cards and the rally topped at 11.654 at 20:10 and then a last buy injection at 20:40 lasting three minutes before the group slowed down the intervention.
So the new - for some a bit unexpected - trading session gave us a 10 day uptrend. The group might have missed to close the Dow above 11.591 which is at 61,8 percent of the key reversal-bar. However with these guys there will be no problem to fix that tomorrow if Asia and Europe want something else.
There is however a bigger problem long term with manipulation. If the market is not allowed to move the trend down when need be, Natures Law will make the drop much worse when the trend cannot be stopped. Dow was not allowed to continue its wash out trend in 2009 because of massive support and cash injections to the banks, which was excellent short term but the current downtrend will not be changed to a new bull market because today there is no money left to stop the washout which is the real trend the way I see it. And it will be much worse because of the false uptrend 2009 - 2011. More about this later in this blog and in my new blog, What do I reflect upon now. http://olle-ahlmark.blogspot.com/
There are now only two hours until a new trading day starts in Asia.
The only problem they make is for us the analysts and of course for the traders who take the wrong positions. They seem at the first glance to have been active in the Dow futures market since trading started Monday CET 02:00 but especially since Tuesday opening in Asia with a gap below the key-reversal low. The risk was big for a sharp drop and the futures were kept in check by the group until 15:30 when Wall Street opened the trading. Then Dow then suddenly shot up without fundamental reasons and the groups buying was extremely powerful the whole session until their profit taking started at 20:05 and ended 20:50. In five hours the DOW rose more than 300 points.
Here is another example how difficult it is to make short forecasts for the Dow. Anyway this action was in the cards and the rally topped at 11.654 at 20:10 and then a last buy injection at 20:40 lasting three minutes before the group slowed down the intervention.
So the new - for some a bit unexpected - trading session gave us a 10 day uptrend. The group might have missed to close the Dow above 11.591 which is at 61,8 percent of the key reversal-bar. However with these guys there will be no problem to fix that tomorrow if Asia and Europe want something else.
There is however a bigger problem long term with manipulation. If the market is not allowed to move the trend down when need be, Natures Law will make the drop much worse when the trend cannot be stopped. Dow was not allowed to continue its wash out trend in 2009 because of massive support and cash injections to the banks, which was excellent short term but the current downtrend will not be changed to a new bull market because today there is no money left to stop the washout which is the real trend the way I see it. And it will be much worse because of the false uptrend 2009 - 2011. More about this later in this blog and in my new blog, What do I reflect upon now. http://olle-ahlmark.blogspot.com/
There are now only two hours until a new trading day starts in Asia.
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