One Lotter
Today, the market was given a chance to demonstrate its resilience and strength. Unfortunately, it has failed to hold early gain and closed lower. This has brought us back to where we were on last Thursday - the index is still hugging the trendline. Honestly, I am very apprehensive of where the index will be heading. In order to turn bullish, it must hit 2,350. A break below the trendline may see 2,180, 2,100, 2050.
Lately, many traders are bothered by the "one lotter" phenomenon. What is a "one lotter"? Someone who buy up or sell down 1 lot at a time, in the interval of every few minutes, throughout the day. Take a look at Kepland today.... No one know who the "one lotter(s)" is ( are ). But most people believes they are trying to manuplate the counter/market. It seems to me like the 1 lotter buy up is bearish and the 1 lotter sell down is bullish !?
Lately, many traders are bothered by the "one lotter" phenomenon. What is a "one lotter"? Someone who buy up or sell down 1 lot at a time, in the interval of every few minutes, throughout the day. Take a look at Kepland today.... No one know who the "one lotter(s)" is ( are ). But most people believes they are trying to manuplate the counter/market. It seems to me like the 1 lotter buy up is bearish and the 1 lotter sell down is bullish !?
Labels: Market Direction
posted by Market Wizards @ June 22, 2009
Comments: 0
