Evan Grey Owl

Is It Safe?

Here is how to make the little car run: Open prices at yesterday's closing price. Do not allow unregulated trading in the pre-market and post-market, or rigged bids at the opening cross, to dictate the opening prices. Second, there must be limits on the degree to which a bid may deviate below the current trading price. Rigged bids are being used to trigger all the stop-loss orders. Finally, NASDAQ rules need to be changed to require that an actual trade is required to trigger stop-loss orders, so that a bad bid alone cannot be used to trigger all the stop-loss orders. There is going to have to be more public monitoring of the minute-to-minute details of daily trading, and more insistence that orderly markets and a fair and level playing field be maintained. Only then will confidence come back and technicals come to mean anything again.