my rant for the day, page-37

Hi Debono,

The stop hunting thing is interesting, because they indeed do run the stops up. However, not on individual traders, but there is the masspsychology...

Now, many professional analysts (such as breakpointboys etc) are now certain the market will retrace so I guess many traders were short last night and the majority would set their stops above the last high.

So you could argue that the market was run up by whomever simply because it was a logical stop based on 'mass psychology'.

Whatever the reason, a fact is that many traders experience being taken out on just the high or low before the market continues in their direction.

Extremely annoying, but I guess, we just got to deal with it huh? I just haven't figured out as yet how, so any ideas are welcome.

I was really just trying to make fun of myself because I was so fuming, didnt realise it would turn out to be such a big discussion... ooopsss