We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.
Saturday 4 March 2017
March 2017, Silver smash down, our view
Believe it or not the big boys of the trading world (market makers, specialists, hedge funds, etc) prefer to accumulate on the down swing, cause if they tried it on the up swing, they would be buying against themselves, and if no down swing is present, create one and forcing the weak hands to sell !
If you are a fan of the BBC, this is scene from 'Only Fools and Horses' at the poker table sums up the stock market game very well. Bluffing, trickery, cheating and the winner takes all if you are not caught! ha!!
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