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Market makers and locals are buying the bid and selling the ask and
pocketing the difference ... they do not run inventory. NYSE specialists
are maintain some net long/short positions to accommodate liquidity
requirements but, contrary to what the NYSE would like the public to
believe, specialists do not absorb speeding bullets...none of them have
the capital. There are in fact spots where nimble traders can step in
and buy declines and sell rallies but that is another issue.
Earl
----- Original Message -----
From: "Ric Ingram" <ringram@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Saturday, December 02, 2000 2:58 PM
Subject: Re: [RT] Re: Time to stand aside???
> The market makers seem to make out OK buying into the falls.
>
> There is a counter-party to every trade in a futures market. The
market
> makers in aggregate must take the other side of the balance of outside
trades.
>
> If the market is falling heavily, it is a reasonable assumption that
there
> are probably more outside sellers than buyers. If this is true the
> market makers, in aggregate, must be net buyers.
>
> So your advice would seem to be inappropriate for them - or at least
they
> are not taking your advice.
>
> There is often more than one perceptive to most topics.
>
> The market makers are providing a service to the net selling of the
outside
> traders. When you provide a service, you often get paid.
>
> There are many ways to trade successfully, not all involve a single
trend
> following approach.
>
> Perhaps, the other ways to trade have concepts you may not may have
> envisaged and advantages that do not include fear and stress.
>
> Regards, Ric.
>
>
>
> >--- In realtraders@xxxxxxxxxxx, "Dom Perrino" <domenick@xxxx> wrote:
> > > Prosper, Since you may not have seen some of my previous posts,
> >just to let
> > > you know that I am not just interested in buying, I am interested
> >in making
> > > money.I let the market do the talking. ,and I try to listen to
what
> >the
> > > market is saying. On 9/1/00 I posted a sell signal on this board
> >and most
> > > people know that I am still VERY BEARISH on the market. However,
I
> >do trade
> > > rallies within that overall bear market. If you short at the
> >beginning of a
> > > bear market and cover your shorts at the end of the bear
> > > market that ,in my opinion is long term position trading.It is the
> >same as
> > > the person who buys and buys more on weakness throughout a bull
> >market.The
> > > more meaningfull moves you can get, the more profits you should
> >have. If we
> > > follow the philosophy of those who have suggested to sell the
> >rallies within
> > > a bear market you are doing the same thing as those people who buy
> >all sell
> > > offs in bull markets. At least two things are happening in both
> > > situations:1)They are averaging their position and 2) They are
> >putting MORE
> > > capital in the markets on each reaction.in the opposite direction,
> >whether
> > > bull or bear.In addition they then have to determine when a bull
> >market or
> > > bear market has terminated.Making this determination is much more
> >difficult
> > > ,in my opinion, than reading the market on a shorter term
> >basis.Commissions
> > > these days being low what is incorrect about covering your shorts
> >prior to a
> > > rally and then reshorting .This way you can have your short
> >positions and
> > > your cash also.
> > > Dom
> > > ----- Original Message -----
> > > From: "Prosper " <brente@xxxx>
> > > To: <realtraders@xxxxxxxxxxx>
> > > Sent: Thursday, November 30, 2000 2:57 PM
> > > Subject: [RT] Re: Time to buy????????????
> > >
> > >
> > > > Seems that you want to only hear about buying, so buy your
brains
> >out.
> > > > As for me I will watch the channels for evidence.
> > > >
> > > > Prosper
> > > >
> > > > > Aside technical indicators,fundamental
> > > > indicators,ew,astrology ,gann, fibo.etc., and putting personal
> > > > experience in the forefront.Let's get some input based soley on
> > > > experience since I think that this election fiasco is throwing a
> > > > monkey wrench in most indicators.
> > > > > Is this a buying opportunity that some time from now we will
> >look
> > > > upon as a coulda, woulda,shouda ??? In my own past experience
> >almost
> > > > every time things looked as dismal as they do now it turned out
> >to be
> > > > a buying opportunity.
> > > > > Let's hear from some heavyweights (and others).As a
> >technician, I
> > > > know it is hard to put technicals aside. Let's try ,we will be
> >able
> > > > to hear opinions without having to justify it with an indicator.
> > > > > Dom
> > > >
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
> > > > realtraders-unsubscribe@xxxxxxxxxxx
> > > >
> > > >
> > > >
> > > >
> >
> >
> >
> >To unsubscribe from this group, send an email to:
> >realtraders-unsubscribe@xxxxxxxxxxx
>
>
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