Sweden – Manipulation or Enhancing a Move?
QUESTION: Marty, Socrates appropriately projected the claimed Citibank manipulation of Monday in Sweden. It wrote: “The strongest goal within the Each day array is Mon. 2nd for a turning level forward, not less than on a closing foundation. There are four Each day Directional Change targets ranging from Mon. 2nd to Fri. sixth suggesting a uneven coiling interval for three Days. I”
How did Socrates mission this after which confirmed it will bounce with one other Directional Change? Was it actually a manipulation? Citigroup did affirm that it performed a job in yesterday’s flash crash. They launched a press release: “This morning considered one of our merchants made an error when inputting a transaction. Inside minutes, we recognized the error and corrected it.” The change refused to cancel the trades. That is complicated for it was not past the parameters that Socrates laid out together with the technical evaluation.
Any clarification can be fascinating.
All the most effective
JM
ANSWER: I perceive that the frequent definition of manipulation is just an enormous transfer. To me, this was NOT a manipulation. My definition is shifting a market COUNTER-TREND which this was not. Sure, Socrates projected that Monday the 2nd can be a low and that the Directional Adjustments again to again advised it will be extra of a knee-jerk response relatively than a change in development. The array confirmed the largest goal can be Monday, Might 2nd.
There had been low quantity. Thus, if it was a mistake, a smaller quantity of promoting may have a higher impression. Nonetheless, it nonetheless didn’t transfer past the parameters of the development as pre-defined by Socrates. Even the technical evaluation that the pc does itself confirmed that this was NOT exterior the norm. I recognize that everybody will soar on this as a “manipulation” however that’s simply not the case. Manipulation is one thing that MUST merely be COUNTER-TREND. Making a market transfer within the path of the development in a spike method is NOT a manipulation. At finest, that is ENHANCING a transfer inside its development. However it isn’t a manipulation.
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