Comments on: Miracle on Wall Street http://blog.afraidtotrade.com/miracle-on-wall-street/ Helping traders overcome fears and emotions in trading Wed, 08 Feb 2012 09:26:36 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Corey Rosenbloom http://blog.afraidtotrade.com/miracle-on-wall-street/comment-page-1/#comment-1465 Corey Rosenbloom Sat, 18 Aug 2007 05:44:54 +0000 http://blog.afraidtotrade.com/miracle-on-wall-street/#comment-1465 I agree 100% with you, Frank. Over dinner last night with associates, I shared that exact sentiment the night before the "Fed Cut" boost. I knew there was something up in the price action that wasn't showing up in the newswires - not that I follow news with a fine-toothed comb. Such strength in the fact of a 'meltdown' (or at least very few technical or fundamental reasons to buy in mass with an "all in" mentality) can only mean that there is news the big boys have that the little boys do not. Circumstances like this almost prove the point entirely that pure price action and chart reading (price/volume/momentum) trump news-based trading or some other "popular story" trading. The footprints of the Big Money players are visible on the charts before the news occurs - if you know what to look for. Thank you for your comment. I agree 100% with you, Frank. Over dinner last night with associates, I shared that exact sentiment the night before the “Fed Cut” boost. I knew there was something up in the price action that wasn’t showing up in the newswires – not that I follow news with a fine-toothed comb. Such strength in the fact of a ‘meltdown’ (or at least very few technical or fundamental reasons to buy in mass with an “all in” mentality) can only mean that there is news the big boys have that the little boys do not.

Circumstances like this almost prove the point entirely that pure price action and chart reading (price/volume/momentum) trump news-based trading or some other “popular story” trading. The footprints of the Big Money players are visible on the charts before the news occurs – if you know what to look for.

Thank you for your comment.

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/miracle-on-wall-street/comment-page-1/#comment-1464 Corey Rosenbloom Sat, 18 Aug 2007 05:41:48 +0000 http://blog.afraidtotrade.com/miracle-on-wall-street/#comment-1464 Thank you Cherian for your link and I appreciate your readership. Thank you Cherian for your link and I appreciate your readership.

]]> By: Frank http://blog.afraidtotrade.com/miracle-on-wall-street/comment-page-1/#comment-1463 Frank Sat, 18 Aug 2007 03:35:47 +0000 http://blog.afraidtotrade.com/miracle-on-wall-street/#comment-1463 Now we know why it bounced - the big boys were told of the discount cut ahead of time. No other reason could explain it. Now we know why it bounced – the big boys were told of the discount cut ahead of time. No other reason could explain it.

]]> By: Cherian http://blog.afraidtotrade.com/miracle-on-wall-street/comment-page-1/#comment-1462 Cherian Fri, 17 Aug 2007 14:56:33 +0000 http://blog.afraidtotrade.com/miracle-on-wall-street/#comment-1462 I've linked to this post on my blog, ttp://www.gaffairs.com/GlobalStock JC I’ve linked to this post on my blog, ttp://www.gaffairs.com/GlobalStock
JC

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