When reading about trading, we often hear the terms "the Bears are in control", or "the Sellers are in control", etc.
However, if you think about it a bit, you can arrive at only one accurate description of who is actually in control: it's always the buyers. The buyers determine what price they will pay for the instruments being traded. The buyers determine what price they won't pay, too.
A more accurate description of a situation would be: "The Buyers are bullish today", or the "Buyers were bearish yesterday".
The Sellers are never in control...
Happy Trading
BullsEye
Monday, November 2, 2009
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