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Yes,what i wrote may sound like am a conspiracy theorist but i think what they
are doing (they think is for greater good for the masses) in maintaining orderly
market..like a large scale market wide market maker..heck,they and their
executing brokers even made money by the end of the day!! So IT IS a profitable
endeavor each time they do it,all it takes is the sheer will power and
confidence to execute those magic pivot numbers intraday.......am not sure
myself..whether these intraday spots are really some sort of nature's cliff
hanger or its really a numerically generatable (sorry if its a new word,but
can't find the word to mean this) that tip the balancing scale that makes the
"crowd" rush to the other side of the ocean liner...
Terry S. Smith wrote:
> George Angell explains this Phenomena best when he said "They take it up to
> take it down, they take it down to take it up". There are a handful of very
> wealthy people pushing the markets around. Any S&P trader who has traded a
> few years sees these manipulations day in and day out. It was very smart to
> wait for Margin debt to explode to the upside before taking any action.
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