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Hi Jan,
You've got another student here. Could you please elaborate on your comment
below?
"Sometimes a big player will nudge a market across an important indicator or
support/restistance by executing big buy or sell orders. If price runs in
their
intended direction they stand to make a pile; if not you can be sure they're
well
hedged. If you observe such an event: eg. Resistance broken for a day or so,
whereafter price drops back (Steve Nison calls it a "spring"), you nearly
alwas
have a strong signal. In fact I've personally gone one step further, and
mainly
trade false signals (Jack Schwager has pointed this out as "The most
important
rule of chart-analysis")."
thanks,
Linda
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