MEO 0.00% 0.0¢ meo australia limited

why the big selloff ?, page-32

  1. 22,593 Posts.
    "" Was thinking that the Manipulater 's worked real hard to get it back today. Cost them some shares
    Were they trying to get it back to a key technical to give it the look of weakens.

    There are only a hand full of holders with the shares and money to do what they did today.

    I'm thinking only the ones with 8 million +
    Top 5. ""

    Hi kiwi,

    not sure who these manipulator's (or whatever we describe them as) are or how they can actually do their work to cause weakness - but what myself and funkymonk really only do is observe what the CHANGES in volume from day to day or week to week does to the share price and as funkymonk said before also the close of the bar - we hardly ever take any notice of the open, we also do our analysis over several different timeframes at the same time and observe what has happened in the recent background - that is very very important.

    a basic rule to follow is - the big boys are most probably at play when the volume/share price spread increases dramatically - this is when we take notice because we don't want to be caught whilst in a trade on the wrong side of them and also if we can enter a new trade on the right side with them. our sole aim is to minimise as much risk as we can by flowing along with them by observing where the strength and weakness is and they are the cause of it. kiwi hopefully this has made it a little bit clearer
 
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