For those who don't understand the logic. The pro-traders spend a lot of money boosting the SP. To keep it going up and momentum strong, they have to keep supporting the SP. If they have made enough according to their plan, it makes sense to sell into the stack. They get their trading cash back and they send the SP back to where they can buy cheaper. Then they can start again.
Remember, they are smarter than us, have more money, and use computer trading stuff we never heard of.
- Forums
- ASX - Day Trading
- daytrading nov 24 afternoon
daytrading nov 24 afternoon, page-66
-
- There are more pages in this discussion • 145 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm