Tuesday, May 19, 2009

The truth is out there

So I am rooting around my usual wiseguy sites trying to get a feel for general consensus/market direction when I run across this;

http://zerohedge.blogspot.com/2009/05/flagrantly-visible-hand.html

Did you ever wonder how the market makes those spectacular reversals in the last few minutes of the day and scratch your head? About 2:30 into the video the dude talks about hundreds of thousands of futures contracts trading in that short time frame. I did the math and a 100K of S&P eMini contracts would cost me 50Mil. Whats in your trading account Pilgrim? Hmmmmmm my money is on "The smoking man". Anyway as I write this Mulder and Scully are on to him because we appear to be going down. Set your stop on SKF @ 41.22. Good Luck.