|traderathome ||Apr 16, 2009 4:54pm | Post# 2522 |
All I am seeing is nice lower lows...
I don't believe such consistency occurs very often. We have quite a sequence of lower highs and lower lows on this EU M15 chart.
A bit of speculation......let's assume the big players are foreseeing a massive move down. They want to load up on the shorts. But there has to be longs coming in to balance out the trades. So, in order to encourage longs to come in, the big players pump up the price now and then, to entice the longs. When they get it pumped up, they short in excess of long buying, which causes the PA to go back down, and maybe make some long buyers think they can get in at a better price, where the big players will still be shorting. But the big players will also support the PA at the lows, because they do not want it to go too low.....because if that happened, then the long side buyers might become wary, and be "unsuckerable".
So, down and up, down and up, down and up,.......gradually drifting downwards overall as the shorting takes its toll. When flat bottom occurs, WATCH OUT, AND HOLD ON TO YOUR HATS........the big players, flush with shorts, will do a massive push down job to build in profits and lock out the longs. When a new deep bottom occurs, any longs left will be happy to capitulate.....giving the big players some of the longs they need as they reverse their positions again.