To me this is a classical example how someone make their money by manipulating the index.
Exact at CET:08:30 when the next step should be to really test the double bottom from Tuesday they started an uptrend 30 minutes before Europe opens. Trading volume is very low then. The Europeans had to cover their short positions and the uptrend continued until 11:15 with the top at 11.905. A 250 Dow points rise without any news so far in the papers. At the top of rally the group sold their long positions and they are now preparing to go short again.
Since the manipulators and their computers know where the trend will go from 8:30 to 11:15 they start buying long positions hours before the bottom.
Is it fair to manipulate a trend like this or is it OK. This is anyway the reason why only 2 percent of traders make money, big money.
Exact at CET:08:30 when the next step should be to really test the double bottom from Tuesday they started an uptrend 30 minutes before Europe opens. Trading volume is very low then. The Europeans had to cover their short positions and the uptrend continued until 11:15 with the top at 11.905. A 250 Dow points rise without any news so far in the papers. At the top of rally the group sold their long positions and they are now preparing to go short again.
Since the manipulators and their computers know where the trend will go from 8:30 to 11:15 they start buying long positions hours before the bottom.
Is it fair to manipulate a trend like this or is it OK. This is anyway the reason why only 2 percent of traders make money, big money.
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