These spikes are being sold. munchkins pushed the button on weds/thurs so the wall st desk jockeys can sell into it. What they do after is anyone's guess.
I'm sure freddy will be silent until after it closes.
Oil heading down. If it passes the extended wick to the left of current one it will drop further.
golden rule with a dub too!
These are extending loss from earlier this morning BCH continues to be loss/gain leader when these move around
Dow Jones Industrial Average (^DJI)
DJI - DJI Real Time Price. Currency in USD
23,062.61-76.21 (-0.33%)
As of 10:42AM EST. Market open.
Posted charts look bad as each of these spikes show pump n dump action. They have to be careful as the system needs to make us all 'feel better' about all of this manipulative crap going into the weekend and YE
agree and will add that it may be another round of the last 2 days. Drifting down and then munchkins gets the memo and off to the races…krylon style. This is also getting momo shorts into this too. They were cleaned out on yesterday's ridiculous pump. That was even more impressive then weds as the time frame was shorter.
Guessing they vaporized about $200b to accomplish those 2 days..but that is just a guess.
40 minutes left here. All up.
ever since that little shit pulled his crap on 11/11 I care not for what happens in those markets.
Largely irrelevant imo as they don't really do anything other than push paper around.
Head 'em up
Must….get….green.
then leave if you feel that way
they just switch to another sub-net.
Make a call then. I'm nice and comfy
Starting to roll off the top of last spike. Not a good sign for momo traders. They will be making decisions soon. Unless munchkins steps in….
You can't predict when they decide to shove billions into a spigot aimed at anyone who is short.
Let me try to explain how shorting markets work.
When you short you are betting that whatever vehicle you are short in will go down.
The system is supposed to issue you shares that are for that purpose by 'borrowing' shares that are long. A strategy that longs used to use was calling the broker and telling them the shares they own should not be used for any short activity. Look up Naked Shorting…Patrick Bryne has some good stuff from years ago trying to fight this. He was pummeled by the system for speaking up.
https://nakedshortreport.com/what-is-naked-short-selling
Anyway when you are short and want to get out for whatever reason, profit or it moves against you, you do a short cover.
This is the system buying the shares that it supposedly gave you when you went short.
It adds additional buying pressure upwards when you least can afford it. You are now competing with the longs who have identified a momo opportunity and are going long.
If you get stuck in a short position that squeeze's it can wipe you out quickly.
The term 'short squeeze' is applicable to this as you are now, as a short who is covering, basically in a long position to cover those shorted shares.
this is a better place for this info. anon is not a good writer.
https://tradingsim.com/blog/short-squeeze/