tag:blogger.com,1999:blog-524424037855183124.post8087088024581229424..comments2023-08-27T02:28:24.135-07:00Comments on Elliott Wave Index Trader: Getting Nervous, but still shortRichhttp://www.blogger.com/profile/00672860805931384423noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-524424037855183124.post-42005539720774171552009-04-26T16:15:00.000-07:002009-04-26T16:15:00.000-07:00kidflare - certainly there is program trading that...kidflare - certainly there is program trading that impacts market direction. You'll find it most active the first hour of the market and the last hour. However, I firmly believe that there are really big players (i.e. GS) that are working with the gov't to move the market in a certain direction for short periods of time to meet political/financial objectives that may or may not be clear to us at the time. These guys hold massive positions and can have money added to their positions at the whim of the Fed. However, I do not believe they have any ability to control the long term direction of the market. In the end, the trend is like mother nature, there will be no thwarting it.Richhttps://www.blogger.com/profile/00672860805931384423noreply@blogger.comtag:blogger.com,1999:blog-524424037855183124.post-488739483541732202009-04-24T19:29:00.000-07:002009-04-24T19:29:00.000-07:00Rich..wondering if you could shed some light on po...Rich..wondering if you could shed some light on possible "Program Trading" that may be taking place in the market. Did you notice the trades on Wells Fargo today..check out a 5 minute chart with volume late in the day. And how can the market fall so hard down to 55 pts on the DOW and then scream up to 150 pts.Grail Traderhttps://www.blogger.com/profile/04289371776453444200noreply@blogger.comtag:blogger.com,1999:blog-524424037855183124.post-5652120951014535332009-04-24T16:17:00.000-07:002009-04-24T16:17:00.000-07:00Tim G marches on with his BS. The financials and e...Tim G marches on with his BS. The financials and earnings are key...all wave counts are off the table until the financials roll over in my opinion. Looks like we are heading for the 200 mvaGrail Traderhttps://www.blogger.com/profile/04289371776453444200noreply@blogger.comtag:blogger.com,1999:blog-524424037855183124.post-14085115946396831742009-04-24T09:40:00.000-07:002009-04-24T09:40:00.000-07:00iv, I've been stopped out and re-entered several t...iv, I've been stopped out and re-entered several times already and been stopped out. I still have my puts that I will hold until it is obvious we are going up. I haven't been impressed with volume, but at the same time the market continues higher. I'll continue to watch and see if we get a downside entry, otherwise I may just wait and see until next week.Richhttps://www.blogger.com/profile/00672860805931384423noreply@blogger.comtag:blogger.com,1999:blog-524424037855183124.post-90270174343780478192009-04-24T09:37:00.000-07:002009-04-24T09:37:00.000-07:00Any updates intra-day Rich.......do we need to bre...Any updates intra-day Rich.......do we need to breach 875 for you to completely change ur mind or?<br /><br />Thanks for a very informative blog....ivhttps://www.blogger.com/profile/10069550003556355585noreply@blogger.com