iress shows sell orders being pulled, page-59

Hi Lookandsee.

There is no such thing as true price discovery anymore.

Just the movement of money by conglomerates of brokers, S.I's and hedge funds.

How many times have to seen a good share beaten down, disregarding FA or some average result pumped to some stupid level. (MAD comes to mind)

I watched a major super fund manager on "your money, your call" as claim as day. State how they will push the price down to below resist levels to hit peoples stops.
This is illegal, but is the way things are.

The market is now completely dysfunctional. High frequency trading. Center point cross trades. Off market trades. All the things the supposed regulators allow are destroying the wealth of Retail investors and Retails investors are leaving it in droves. Soon it will just be the manipulators. Manipulating each other.

The only hope you have is to get an understanding of the movement of money. Which is want charts are all about.

There are some great posters on the chart threads. Free chart soft ware on line. It doesn't take to long to start to get your head around it and is a very powerful investment tool. If for nothing else. Resistance and support levels for risk management.

There have been very clear support levels on this that were broken. A sell on those signal (Maybe at a some loss). You would have been picking them up again last week @ 1c.

The games here last week. Are not going to stop.
This will more than likely get watered down quite badly.
It's how they work. You watch the con notes start to show up.
This will make it even more important to follow the movement of money.

Cheers.