Howiesjules, your observation is a correct one. Th
Post# of 11899
Howiesjules, your observation is a correct one. These days the entire market, every single stock or ETF in the market, is rigged using collusion of a bunch of MM's bot algorithms. If you watch L2 in a highly liquid stock or ETF on the NASDAQ you will notice that all of the MM bid/ask sizes and quotes move relative to each other and precisely follow each others movements down to the millisecond. Its all just smoke and mirrors. Retail investors look at the market and they see a lot of "action", tons of shares "trading hands" this and that, etc, but the reality is that practically all of the volume is effectively under the same roof; its the same money just swapping from one MM account to the next and they all share the same data streams and feeds. Its like the old street scam whereby the hustlers entice you in to a nice game with the bean and the three cups and it seems legit because there are dozens of other people there betting on the outcomes and all the commotion gets you involved, but really the scam is that ALL of the players are in on it together against YOU! They are a group of pirahna and here comes a puny retail investor seeing if he can "play" the market and get lucky, but luck has nothing to do with it, the piranha swarm and immediately "trades" are made immediately after your buyin which typically tank the PPS if your long and sky rocket it if you go short. The AI bots keep track of all the little fishies cost basis's and the "technicals" in the chart are over time drawn to basically test and retest the majority of retail cost basis levels so as to flip flop them around to weigh on their sentiment over time. Eventually with enough time flinting in and out of their cost basis, going into the red, going back into the green and back into red again, the typical investor begins feeling frustrated that he/she has missed so many opportunities to flip the stock for gains, so their investment strategy begins to change over time and they too begin to become market players, flipping in and out any chance they get, and that is exactly what the big guns want you to be doing, they want emotional gamblers so they can own you even more. Once they destruct the typical retail mind to the point they are just wildly and loosely gambling in and out of the market in every stock then its the beginning of the end, eventually through the churning the bots take it all away, like taking candy from a baby. Eventually they have you focusing on only daily "technicals" and watching every minute to minute news byte that come out, trading in and out, lost in a whirlwind of a market vortex that they control. Eventually retail takes so many losses that they eventually tire and just pull whatever they left out of the market, just observe the outflows in the past weeks and months since the "flash crash". Also note that the flash crash occurred just a few days after it was announced that Goldman Sachs was going to be made to answer for illicit market making activities at a Congressional hearing. I guess we know who's boss now, ehh?
You must unlearn what you have learned. The dark side clouds everything, difficult to see the future is.
GLTY
$RFMK