Hello traders/investors. As weekend approaches, I thought it was wise to share something to ponder over. It is going to be a pretty longer post than my usual... Might help understand market better.

Market Markers are Market Manipulators of Price, and Thieves!
The "market" is the sole creation of the Robber Banks that "make the market". While it serves the world of commerce, they run it to make profits. And they opened the market up to foster prolific currency/stock trading by others for the sole purpose of making more profits. They move prices up and down to "create liquidity" to fill the orders of SM (Smart Money) and DM (Dumb Money), for the commissions they make by filling the orders. When they have some orders above the current price and some below the current price, who do you think determines the sequence of direction and distance the price is going to move so these orders can be filled? And always-since they know how they are going to move price next - they take positions themselves to make additional profits.
They do this by:
1. Manipulating price to sucker into the market DM that is taking the wrong side position.
2. Manipulating price to sucker into the market SM that is taking the right side position, but too soon, and later manipulating price to hit their stops.
They have total control of pricing, and by these actions they effectively "steal" from others the money to fill their own "right side" positions before moving the price to the next area they have decided on for filling orders, and for taking profit on their positions built beforehand. Don't get me wrong. I do not object to the market volatility these thieving Robber Banks create. We need it. But we also need to understand what these people are like, the cloth they are cut from. They are crooks, and we have to be extra careful about trading in the market they operate. On some special days you can see them in their true colors. We should witness it. Take note of it. Speak of it. And remember it!
So, it makes sense that we must Cautiously Ride the Coattails of the Crooks Operating this Market!
best wishes.

@kalasinga kindly do for DTB currently

Hello Obiero.
IMHO. 13.8 might be stretching our imagination too far. If 18.2 ends wave 3 then expect either 15.45(at best) or 14.6 (at worst). Please note there is a high confluence between 17.5 and 18.2. 20.5 is the most ambitious. I am aware they Announced a Bonus Issue of 1:5 on 17-Mar-2017; Books Closure 30-Jun-2017. (Subject to Approval). It will be interesting to learn how these news affect stocks. I am expecting by then, we will be done with the first five waves ending wave 1. News might play out in the corrective wave 2. Fundamental gurus shed light on what 1:5 bonus issue means to wanjiku.

Back to basics. Where are we? currently an over extended wave ?v of 3 in the making

Trade what you see

Also ARM