Would it be a Good Idea

Joined: 03 Jul 2008 Posts: 3

To place trades at the points where the TV infomericals have sucked thousands of ppl into playing the game? Something about the red line crossing the green and vise versa. Since there's so many thousands of new players using a paticular indicator. Seems the key is to do what the majority are doing in normal markets. Also, not using stops (because of gunning) but placing emergency stops 50-75 points away, for "just in case we get steamrolled by a spike" like last fri.
Gunning may not effect our small orders but since we place them along with many others, the market makers may take them out because of their greed.

Since everyone is using charts, except the market makers (I doubt they need them) we need an indicator to tell us where everyone is placing their trades,call it "The Placement Indicator". As ppl start to see a chart formation forming (breakout triangle,rising bottoms parabolic, etc.) seems it would be nice to know that hundreds of other ppl are starting to place their
buy or sell orders at the exact same place, putting pressure on the market makers to move out of the way rather than gobble the few up that are in the wrong place at the wrong time. Although its true, we're each trying to take each others money, I'd like to think we're going after the big boys since they're much slower at placing hugh orders. Btw - "Big Boys" in the stock market are the biggest losers (short term) because of where the market makers have to place their fills (much below or above the market to find buyers or sellers) tipical storys MM's use "we can't fill you at this price", therefore the Big players take a beating, but they have no choice. If a price doesn't advance at a perfect buy point, then maybe a few big boys have orders placed at those points (I'm sure they know all the buy points also). Maybe we can use the "Big Boy" indicator (Fibs) to tell us where they're at!