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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Market manipulation explained - http://read.bi/Ylfwne
Wyckoff wrote:The large operator does not, as a rule, go into a campaign unless he sees in prospect a movement of from 10 to 50 points. Livermore once told me he never touched anything unless there were at least 10 points in it according to his calculations.
His 1931 book, "The Richard D. Wyckoff Method of Trading and Investing in Stocks – A Course of Instruction in Stock Market Science and Technique," is out of print and somewhat difficult to find these days (not impossible), but even in 2013, hedge fund managers still swear by it.
One of the key takeaways from the book is that if you want to succeed, you have to learn to recognize the professionals and understand what they are doing. That's what those who follow Wyckoff do — they watch the large operators.
Wyckoff walks us through the process of how a large operator will manipulate a stock up or down — so that next time one sees it unfolding on the screen before his or her own eyes, he or she can react accordingly.
The preparation of an important move in the market takes a considerable time. A large operator or investor acting singly cannot often, in a single day's session, buy 25,000 to 100,000 shares of stock without putting the price up too much. Instead, he takes days, weeks or months in which to accumulate his line in one or many stocks.
That last statement has Kengen, AK and now CFCI all over it. Last year it was KK, EABL, BAT, KCB and mpesa bank... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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hisah wrote:Market manipulation explained - http://read.bi/Ylfwne
Wyckoff wrote:The large operator does not, as a rule, go into a campaign unless he sees in prospect a movement of from 10 to 50 points. Livermore once told me he never touched anything unless there were at least 10 points in it according to his calculations.
His 1931 book, "The Richard D. Wyckoff Method of Trading and Investing in Stocks – A Course of Instruction in Stock Market Science and Technique," is out of print and somewhat difficult to find these days (not impossible), but even in 2013, hedge fund managers still swear by it.
One of the key takeaways from the book is that if you want to succeed, you have to learn to recognize the professionals and understand what they are doing. That's what those who follow Wyckoff do — they watch the large operators.
Wyckoff walks us through the process of how a large operator will manipulate a stock up or down — so that next time one sees it unfolding on the screen before his or her own eyes, he or she can react accordingly.
The preparation of an important move in the market takes a considerable time. A large operator or investor acting singly cannot often, in a single day's session, buy 25,000 to 100,000 shares of stock without putting the price up too much. Instead, he takes days, weeks or months in which to accumulate his line in one or many stocks.
That last statement has Kengen, AK and now CFCI all over it. Last year it was KK, EABL, BAT, KCB and mpesa bank...  Great book.Just starting it right now. I've actually been trading on supply and demand and it seems I might get more insights from him. Uncertainty is certain.Let go
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Europe's recession deepened in 4th quarter as economy shrank 0.6%Quote: Europe's recession deepened at the end of last year as its economy shrank at an annual rate of 0.6% in the final three months, its sharpest contraction since the financial crisis.
The data for the Eurozone released Thursday was worse than analysts had expected, reflecting steeper-than-expected contractions for three of the region's largest economies: Germany, France and Italy. http://www.washingtonpos...948929030e64_story.html
In other news Wazua's fav investor, Warren Buffet is buying Heinz...mmh seems theirs money in tomato's  and the billionaire Michael Dell is buying back his company http://journalstar.com/a...-8b18-3079b3b75939.html
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Diluted aka deliberately watered down whiskey - http://www.forbes.com/si...s-incensed-over-choice/
This will go down as a classical case study on how to destroy your own brand. What in the world were the execs at Beam thinking  To put things in perspective, just think what would happen if say, EABL says the demand for tusker is too much to supply so they'll dilute some in order to meet demand?!? update - http://blogs.courier-jou...ng-down-whiskey-in-2004/$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Reader's Digest files for bankruptcy again - http://www.bloomberg.com...o-cut-465-mln-debt.html
This was such a good mag back in the 90s... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Bankruptcy requests spike to 2yr high in HongKong - http://www.bloomberg.com...most-two-year-high.html
Back to 2009 levels... Global econ recovery indeed. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Norway too wants to join the currency devaluation funky party - http://www.bloomberg.com...l-krone-olsen-says.html Fx traders are spoilt for choice this year. Easy money everywhere $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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I agree,this year looks like its going to be an interesting one. Uncertainty is certain.Let go
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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@Hisah. Thank you, the white paper was interesting. You are right, the IMF is not trusted by emerging nations making the UN a better backer for the One World Currency. We have to wait for the Sovereign Debt Crisis to land on the shores of the United States to set off the clock to the fall of the U.S. Dollar as the world's reserve currency. It took 13 years from the 1931 Debt Crisis to Bretton Woods, the conference which cemented the U.S. Dollar as the reserve currency of choice, stealing the thunder from the British Pound. [quote=hisah]Flagging @kk, cde, ceinz, chessmaster This is a report by OMFIF (Official Monetary and Financial Institutions Forum) report about the escalating currency war and what solution they think is feasible to the crumbling financial hegemony, which is USD based - http://www.omfif.org/downloads/Gold, the renminbi and the multi-currency reserve system.pdf The mention gold, renminbi (yuan) and a multi-currency reserve system. I don't like their idea of fronting that IMF based reserve system. It'll be the same con game and this is why BRICs are refusing to cooperate. Still waiting for the day when the USD hegemony will shutter into pieces due to this BRIC wall... Related reading: http://www.24hgold.com/e...ntributor=Jim+Willie+CB http://www.247bull.com/c...o-the-collapse-part-ii/[/quote]
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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kaifastus wrote:
The outgoingECB chairman said finacial and economic models failed him..I thing more emphasis in biz and econs school shud be.. on teaching economic history
True...
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