Registered: Feb 2003
08-15-12 01:38 AM
Quote from RangeTrader:
Uncertain uncertainty creates certain certainty!!!
Wall street went on a professional gambler hiring spree a few years back. A lot of pro traders came from backgrounds of card games and blackjack stables. Some pro's even use to run card counting rings back in the day until they got booted out of the casino's so they went into trading.
If you don't think the big money that moves this market can't handle their odds calculations you are delusional!
Also, it doesn't take many hands influencing the market to decide the pattern... Hell, you could probably set all the tops and the bottoms precisely this week with a mere ten million the market is so thin... Eg, you could influence them within like three points with icebergs and decide the exact top and bottom prints.
If some egotistical hedge fund manager says the market is going to print an exact topping number the next day and the market hits the number and falls... He isn't a magician. He roughly had the market momentum calculated out and sold assets there. When the big sales show up on the volume stupid traders see it and they all get freaked out for a while.
With a mere million you can run the daytrading patterns in some small semi-active dollar stocks provided nobody else already has a claim to them like knight capital... I know that for a fact.
icebergs....i like that
i do remember those supervizor hawks at 21 tables. I used to count the cricket's calling for dealer changes. they got really mad.