Someone re posted this recently but here it is again. My very first post on this site from Dec 3rd 2007.
http://www.trade2win.com/boards/indices/22794-dow-2007-a-875.html#post374631
"I have read all your posts for a long time now and have enjoyed the banter and I thought I'd add my 2 pence worth (and take my fair share of flak). My view is that the markets like most gambling are rigged, and to make money you just have to follow the big bucks and pick up a few crumbs.
I believe large finance houses build artificial patterns to build artificial confidence / doubt in the market. The market makers are now in the business of building confidence.
If you look at the Dow 10 day moving average it has been manipulated to just skim 13000 so we are not going south of there (13000) this year. Now the Dow is being held at 13300 / 13400 in order to turn the 20 day moving average above 13200. I am guessing (like everyone else is guessing) that we will come close to 13000 in the next few days. Followed by a rally to touch 13570 ish before year end...
- Anyone else believe in Santa Clause?"
Just replace 'large finance houses' with 'FED' but given Goldmans dominant position on the FED since who knows when, I think its the same thing anyway.
There was a rally that year!