Scam Week Follies – WSE Pro

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The market meandered in mid channel as Scam Week pinning bots worked furiously throughout the day to prevent follow through in either direction. This is common during options expiration, but there are also those days where a big hedge being unwound can cause large price dislocations. As long as the action takes place within the recent trading range, it’s all static and noise within the bigger picture. But if the range is broken, it should signal the beginning of a bigger move. Click here to download complete report in pdf format (Professional Edition Subscribers).

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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