Blatant Tape Manipulation
Below is the ES 1 min chart from Thursday Jun 25, 2009. Note that the time is shown in terms of Pacific Time Zone. I was trying to make sense out of what the hell happened in today’s tape. And I found some examples of blatant tape manipulation. Here are some examples. This happens all day long. One just needs to be aware that it exists out there and has to adjust accordingly.
Exhibit 1: 12:12pm PT to 12:22pm PT – ES declined on decreasing volume. So, one would expect the decline to stop soon, which is what happened because ES then went sideways. Good – this is what we would expect.
Exhibit 2: 12:28pm PT to 12:38pm PT – ES declined 4 points in 10 minutes on increasing volume. One would expect ES go keep going down as the momentum is building. However not only does the tape stop going down all of a sudden, but it also reverses. This is tape manipulation.
Exhibit 3: 12:47pm PT to 12:47pm PT – ES again melts up on decreasing volume. One would expect it to stop doing so and reverse. But it doesn’t. This is again tape manipulation.
Finally, folks – how about some love shared once you are done reading this stuff. Thank you 
