"THE MARKET... consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Alexander Elder

Saturday, February 6, 2010

Footprints of Manipulation

"On 21 June 2002, data sources began reporting volumes 1000 times higher than past history, and have continued to do so.
No explanation is available."
see: Advances and Declines

Euro Concerns

see: New York Times

Wednesday, February 3, 2010

Forex Robots?

“I’m a 57-year-old, x-truck driver and thanks to you, Bob, I just closed escrow on my dream home in the Hamptons, bought a brand new Rolls Royce convertible, a 120 foot yacht, and married a 20 year old babe with the intelligence of a grape. You’re the man.”
see: Updated Forum
see: NDD Blog

Tuesday, February 2, 2010

Monk of the Month

Your comments,
tips and prognostications.

(Click on image to discover parable)
eXTReMe Tracker

What is a Bucket Shop?

"Bucket Shop is a specifically defined term under the criminal law of many states in the United States which make it a crime to operate a bucket shop. [2] Typically the criminal law definition refers to an operation in which the customer is sold what is supposed to be a derivative interest in a security or commodity future, but there is no transaction made on any exchange. The transaction goes 'in the bucket' and is never executed. Without an actual underlying transaction, the customer is betting against the bucket shop operator, not participating in the market."
see: Wikipedia

The SEC believes that "internalization" is somehow different, and this affects ALL of your online trading, no matter what you are trading. Trades that are executed outside of the exchange, never reaching the main market, effectively hide data from technical analysis, and skew pricing.
see: Not a bucket?

"... internalization hurts retail customers and market quality"

see: EconPapers

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