Rembrandt,
I think Andrew has a point yesterday with his post about the big players using TA to take out the traders.
I only use basic TA (P&F's only) but the last couple of months I've noticed that a price will often go straight through my turning point then sharply reverse.
I may have my turning points in the wrong place of course but I'm seeing it happen far more frequently than used to be the case.
Nothing new of course. One of the traders in the Market Wizard books recounted this happening frequently in the Futures pits, back in the 80's.
as predicted, page-4
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Last
$131.66 |
Change
1.740(1.34%) |
Mkt cap ! $220.3B | |||
| Open | High | Low | Value | Volume |
| $130.80 | $131.84 | $129.89 | $256.3M | 1.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 601 | $131.40 |
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| Price($) | Vol. | No. |
|---|---|---|
| $131.66 | 712 | 1 |
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