I'm always impatient with and

    Sell Off Coming?

    Posted by algyros on 24th of Apr 2010 at 10:26 pm

    I'm always impatient with and skeptical of people who claim that the market is being manipulated.  Like all conspiracy theories, claims of manipulation are an easy way out: they want to make simple (i.e., the market's direction is the result of what some nameless "big boys" are doing) what is incredibly complex and often infuriatingly difficult to understand and predict.  And those who cry manipulation are often seeking to get off the hook for their failings.  It's much easier to think that one's call should have right except that the cabal made the market behave strangely than to admit that one's theories are flawed or inadequate, or that one's application of those theories is flawed.  

    In a way, it's very comfortable to think that the market is being manipulated.  All the messiness of the market is thus explained and rationalized.   It's much more difficult to admit that the market is a strange beast that is very hard to reduce to a set of indicators.

    Of course, the market may be manipulated.  If so, it's being done by a bunch of utter incompetents if their actions are so transparent that, like Michael said, most people in the world agree.  But even if the manipulators are so secure that they can flaunt their manipulation, it is still our job as traders to adapt to the manipulation.

    Again, I cringe when people claim manipulation, since I see that as an attempt to absolve oneself of responsibility.  And, even it is true that there is manipulation, it still doesn't let anyone off the hook.  Trading is trading and good traders adapt to any environment, even a manipulated one.

    Amen. Well said.

    Posted by hamvestor on 25th of Apr 2010 at 08:29 am

    Amen. Well said.

    read what I wrote again

    Posted by marketguy on 24th of Apr 2010 at 11:15 pm

    read what I wrote again Mr. "Cringe"....same thing I said to Michael....I "don't" blame anyone but myself...and you are correct markets have been manipulated for centuries and I "should" learn to look at things in shorter time frames than I do but again that doesn't change the fact that the bulls are WAY over complacent based on any flipping reading, oscillators, etc you look at and we should've been due for some kind of pullback weeks ago...

    let's see some charts or something from you rather than a bunch of holier than though crap contradicting a different opinion that anybody could spout about being on the right side of the market at this point in time....

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