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Message: Re: 3 seconds before the close

Apr 06, 2010 04:33PM

Apr 06, 2010 07:58PM

The market makers don't want all of the stock screeners to pick up on today's action. Traders set their screeners to pick up big volume with % gains. Well, we didn't gain much today regarding percentage, right? lol. The reason they are surpressing this run is presumably because they need to buy shares for themselves, ie they need to cover their short positions. It is bullish to see them this desperate.

If volume dries up short term, we will be taken back down on low volume where the MM's can accumulate more cheap shares. If the buying continues, the shorts might be in trouble. Which will eventually happen regardless. It is a matter of time. But the games will continue... be sure to keep some powder dry for the MM's manipulated pull backs.

B


Apr 07, 2010 10:30AM
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