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nwinski wrote:
<blockquote TYPE=CITE>
<blockquote TYPE=CITE> What if the manipulation was the move
up in Gold prices?</blockquote>
</blockquote>
An astute observation. And what if the move down was the "natural
order". In as much as government interference in any market
is manipulation, then surely this scenario has more credibility than its
reverse, as put forth by our illustrious friends at cafe tables across
the internet. Just look at interventions in the Yen by the
Bank of Japan. But whether we like it or not-and I, for one,
join the ever growing chorus of those who do not--then governments are
players in the markets too. And until we can succeed in voting
out of office any and all policy makers who think more government is better
than the least possible, then our trading strategies (stops in the efp,
for example) will just have to accommodate their presence, and the threat
of their presence, in everything we trade--from the grains, to the metals,
to the rates and currencies and shares.
<p>Scheier
<blockquote TYPE=CITE>
<blockquote TYPE=CITE>The Bank of England and some other central banks
decide they want to dump their gold. So, they get together the major gold
dealers and work out a plan so they can all make a nice chunk of money.
The gold dealers take on a big chunk of gold and then have their press
release that they won't be having any more unscheduled gold sales. What
the heck does "unscheduled" mean? I am sure that most of the time most
of their sales are "scheduled". I have no evidence, but this whole thing
smells just like the Warren Bufftet silver buying announcement. Silver
ran for about one week after Buffet said he was buying silver. One week
later and that was the top. Guess who was selling silver during that
final run?</blockquote>
</blockquote>
<blockquote TYPE=CITE>
<blockquote TYPE=CITE>
<br> My guess is that when we look back on this in six month, the
gold rally will have turned out to be an excellent shorting opportunity.
Count me not a bull on bullion.
<p>Cynically,
<p>Pyrite Pete
<br>AKA Norman
<p>P.S. I see nothing in the planetary cycles that would have supported
this Gold rally. That says to me that it is bogus and will fail.
<br>
<br>
<p>Stig O wrote:
<blockquote TYPE=CITE> <font color="#000000"><font size=-1>There are
some interesting coincidences with regard to the recent goldprice.Or is
it the Natural Order we are witnessing?</font></font> <font color="#000000"><font size=-1>The
green line is the Main resistance line from the 1980 high.</font></font>
<font size=-1><font color="#000000">Magenta lines are Andrews Pitchfork
from the 1980 high and 1985 low. It's offset by 50% (a function in Dynamic
Trader).</font>The line acting as resistance to present price is the 1st
warning line in the Pitchfork
( "
" "
)</font> <font color="#000000"><font size=-1>The blue lines are Andrews
Pitchfork from the 1993 low to1996 high. also offset 50%.</font></font>
<font size=-1>You may also remember the Gann fan lines posted in my last
goldchart.</font> <font size=-1>There is no doubt in my mind that if we
break the resistance in the 330 area, we are in for a bullrun that will
parallell the DM run from 1985.</font> <font size=-1>Have a nice weekend,</font>
<font size=-1>stig</font> <font size=-1><font color="#000000">Just as a
though experiment...... couldn it be possible that an upmove from ANY bottom
at this time would have stopped at 328 anyway.</font>I mean, if we hadn't
had this last "manipulation" move down to 255, then the spike up wouldn't
have been so large.In other words the harm done to the "manipulators" was
self inflicted. (so what?)</font> <font size=-1>The word "manipulator"
should be understood as small group of people with ample money resources
to move markets. it does not imply any moral values at all.</font> <font size=-1>But
it's interesting to see how the natural order MUST run it's course.</font>
<font color="#000000"><font size=-1>Hmmmmmmmmm, perhaps I should only post
the charts and leave out the comments.......<g></font></font></blockquote>
<br> </blockquote>
</blockquote>
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</x-html>From ???@??? Sat Oct 02 12:32:35 1999
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Date: Sat, 2 Oct 1999 15:01:18 EDT
Subject: Re: Rejected
To: rtchoke@xxxxxxxxxxxxx, realtraders@xxxxxxxxxxxx
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I don't know what routing system you are using and how the stops are
handled, but I can tell you that this happens to my clients as well if they
place their stops to close to the current market price. If the market is
through the stop when the stop hits, there is no thru it do it programming,
the order is simply rejected. I get a printed copy of a rejection notice
right after the original order prints. Then the phone rings and the clerk on
the rejection printer also tells me the order was rejected. I use ICQ to
communicate with clients, so I send them a quick notice the order was
rejected, why and what to do. I find this works pretty well. My advice is
to not place stop orders so close to the market price, the e-mini S&P can fly
around pretty fast causing such havoc.
Regards,
John J. Lothian
Disclosure: Futures trading involves financial risk, lots of it!
Disclosure: John J. Lothian is the President of the Electronic Trading
Division of The Price Futures Group, Inc., an Introducing Broker.
In a message dated 10/2/99 1:13:05 PM Central Daylight Time,
rtchoke@xxxxxxxxxxxxx writes:
<< Yesterday morning I placed an order to sell the e-mini. About a minute
later price zoomed through my stop and I thought I was short. Several
minutes later, with price still sliding down, I exited half my
position. A few minutes later my broker called and said that my
original sell order had been "rejected." I was not short; in fact at
that moment I was now long. I exited with a small loss. What does
"rejected" mean?
I thought if price went through your stop you were filled at the
market. Could it be that my order did not reach the floor in time,
since I only called it in about a minute before it was hit? If this is
so, can anyone tell me what is an acceptable amount of time for orders
to reach the floor once they are called in? Is my broker slow? And how
soon should I hear back from my broker/the floor that my order is
"rejected"?
Any comments or feedback appreciated. Thanks.
Arthur
>>
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