Registered: Sep 2010
09-23-12 10:59 PM
Quote from xBoba:
Thanks for the reply.
I'm constantly hearing about the "big players on the block" and "market makers." For example, in the Elliott Wave, the initial uptrend are the "big players" buying in on the stock. Then goes a small correction. Then the wiser traders jump in on the bandwagon for the 2nd uptrend, etc...
What I want to know is: Who are the "big players" that are buying in the 1st elliott wave if not the MMs?
You should read the book Iggy linked to. It will answer a lot of your questions.
Market makers are making a market and offering liquidity, although some will speculate as well. But they don`t create trends per se.
Those who move the markets are other kind of traders, like institutions or the aggregated effect of multiple players in a trend.