Almost a hundred years ago, a man named Richard D. Wyckoff wrote…
"A large operator cannot in a single day's session, buy 25,000 to 100,000 shares of stock without putting the price up too much. Instead, he takes days, weeks or months ... to accumulate (shares)…
"He raids the market for that stock, makes it look very weak, and gives it the appearance of heavy liquidation by sending in selling orders through a great number of brokers…"
He went on:
"You have often noticed that a stock will sell at the highest price for many months on the very day when a stock dividend, or some very bullish news, appears in print. This is not mere accident.
"The whole move is manufactured.
"Its purpose is to make money for inside interests — those who are operating in the stock in a large way. And this can only be done by fooling the public, or by inducing the public to fool themselves."
Simply put, what Wyckoff exposed how the big money managers manipulate the markets to buy stocks at very low prices and then sell them for huge profits.
I'd argue it's even worse today than it was when Wyckoff first exposed it.
More importantly, I believe that knowledge can be used to your own benefit, just like Wyckoff did.
He used this discovery to become one of the richest men in America – during The Great Depression, no less.
Today, Dr. Gregor Bauer uses Wyckoff's strategy in his own Jackpot Trades – to the tune of a 78% win rate – since he launched his service in June last year.
Enjoy!
The DTI Team
No comments:
Post a Comment