Manipulating the Market
Call me cynical but I can't help but think/know that the market is manipulated by the big end of town et al.
Example: All the big stocks are presently down by about 6-8 % mainly due to one large sell lot in each stock, in the opening auction.
BHP has one seller of 2.6 million shares pushing the price down 19%.
(Dow down 1% overnight).
The opposite has now occured whilst I type! (up 6%)
Whats going on.
Is it possible for a broking firm to place a large lot of shares (buy or sell) in the pre open auction even though they don't own that amount of shares knowing that they can withdraw the order just before open (to influence the open somehow).
What other ways are the markets manipulated and how can we profit from those large scale manipulations other than having "inside information".