crank fest wednesday, page-51

This market's even got the great Redbacka scratching his head but the answer's elementary.

There's nobody in this market .i.e. it's rigged.

If you read what's posted by like minded people on Hot Copper you get the impression that there are people chewing their nails over positions ,well there are and they form about 2% of the potential investing world . If you go out into the real world where your average Joe was holding stocks and trading a few ,where the bulk of potential investing capital lies ,those people are ( generally ) completely out of the market .If there was a crash now the public isn't going to feel it in terms of immediate capital losses .The baby boomers and their advisors have lost confidence in the market.

Therefore all we are seeing now is the tooing and froing by market manipulators .I think that all of the prior benchmarks and scenarios that we factor in via our charts and considered experience are out the window in this highly unusual situation .

That means it's heaven for sole operators who have the gravitas to trade it but anyone trying to work out what's going to happen based on traditional guidelines is in for a lot of surprises