ES Journal - 2017/2018

[FriskyCat]

Doesn't appear that we will make much headway upwards today. I do like the look of the 15 min bar right now for a long however. I'll hold my position until closing albeit a bad trade overall at the moment and then get back at it after the holiday.

Instead of a like button, I think we need an LOL button.

Groundhog's Day

 

[speedo]

Instead of a like button, I think we need an LOL button.

Groundhog's Day

That's what this is for

 

[Pekelo]

I believe the concept of PPT was founded by JP Morgan to save the market crash of 1893. The big boys come in to act as uber market makers in order to stave off panic.

PPT doesn't exist. Otherwise where were they in 1907, 1929, 1987, 1989, you-name-it, etc???

What you mention did happen but only one time, and that doesn't mean there is a banking resource with huge amount of cash just waiting for the next crash to come in and save the day...

Not to mention when the sell off is orderly like in the last week, and the market keeps dropping just 2-3% per day there is nothing to trigger it.

 

[tiddlywinks]

I've indicated before and have shown the fallacy of PPT. There is no such thing as a PPT.

It is a known fact the "Presidents Working Group" was founded in 1988 by Ronald Regan. It was the press that coined the term "Plunge Protection Team", PPT for short, several years later. These are facts.

I believe the concept of PPT was founded by JP Morgan to save the market crash of 1893. The big boys come in to act as uber market makers in order to stave off panic.

Yes, during the Panic of 1893, JP Morgan, the man, lent money to the US government, actually to the US Treasury, I think in the form of gold. I believe there were other international lenders put together through JP Morgan. The US Treasury was near broke and the request to JP Morgan for help was made directly from the President at the time. Similar to Warren Buffets participation in 2007/8. There wasn't even a Federal Reserve at the time. Not until 1913.

 

[Buy1Sell2]

It is a known fact the "Presidents Working Group" was founded in 1988 by Ronald Regan. It was the press that coined the term "Plunge Protection Team", PPT for short, several years later. These are facts.



Yes, during the Panic of 1893, JP Morgan, the man, lent money to the US government, actually to the US Treasury, I think in the form of gold. I believe there were other international lenders put together through JP Morgan. The US Treasury was near broke and the request to JP Morgan for help was made directly from the President at the time. Similar to Warren Buffets participation in 2007/8. There wasn't even a Federal Reserve at the time. Not until 1913.

Please show evidence that a "group" purchases equities in order to prop up markets.

 

[Buy1Sell2]

Entire Buy Scale filled ... Cost basis @ 2377.25 X 20 Cars.

Bullish OVB on 60 Min indicating Reversal North

I have more to buy below LOD... this called "building a position" ... Not tipping my hand on what this is predicated upon...

 

[manonfire]

Please show evidence that a "group" purchases equities in order to prop up markets.

It was done through vol suppression during the Yellen regime. It's no coincidence the vol explosion occurred on February 5 this year, the day Powell ascended to fed chair.

 

[El OchoCinco]

Why would any of you go long this market with a trade war, government shutdown, fed raising rates, and Trump throwing temper tantrums as cabinet members resign.... Seriously I think some here were taught only how to buy and lose money..

 

[Pekelo]

It is a known fact the "Presidents Working Group" was founded in 1988 by Ronald Regan.

1. Doesn't mean it still exists or effective. It wasn't in 1989...
2. Show me the evidence it worked in 1989, during the early 2000s or in 2008.

https://en.wikipedia.org/wiki/Friday_the_13th_mini-crash

 

[Buy1Sell2]

It was done through vol suppression during the Yellen regime. It's no coincidence the vol explosion occurred on February 5 this year, the day Powell ascended to fed chair.

Please show evidence that a "group" purchases equities in order to prop up markets.