reply to post by silent thunder
Yeah, you are obviously not a long time watcher because he has quite the disclaimer built into it.
IMO all of CNBC should have a disclaimer at the bottom of it running along like the tape.
My favorite fake out CNBC move (and this has never failed at anytime)
1) At the end of the day they will say something like at 3:45 (15 before close), "We are seeing a large trade imbalance on x side". Meaning one
side is flooded with sell orders or buy orders (usually sell side).
2) Then they will say, "When this happens for x's side, you can expect a higher or lower close from here". So if it is a trade imbalance to short
side, they will say, "Expect a much lower close from here."
3) When you hear this GO ABSOLUTELY AS FAST AS YOU CAN THE EXACT OPPOSITE WAY. I wish I had taped video evidence of this.
--Whatever you do, fade this BIG TIME.
About 5 minutes after this you see it take off THE EXACT OPPOSITE WAY.
It is my estimation that a big player is paying Bob Piezano to shoot some information one way so a big player can UNLOAD on all these fools..
haha.. if it was only that easy like CNBC says I swear
[edit on 19-4-2010 by GreenBicMan]