Looks like PPT is jamming the futures

[polpolik]

Quote from Bitstream:

ystdy major insider buying.... some dood parked @1300 with his 2000 lots offering got lifted in an instant...infact placing size on the ask was like pouring water in da sand. not to mention that 90% of trades went off @offer; size on each tick consumed with hunger.

I think the financials performed very strongly today even when ES was deep in the red was a clue. GS, MS, C were all pushing to go higher.

 

[canuckrookie]

Unbelievable. No rational reason for this. What has changed since yesterday?

 

[dipper17]

Whats changed? Nothing other then we were very oversold, if you believe we're not going to go back down after a couple day rally you're mistaken IMO.

PPT ROTFLMAO

 

[S2007S]

Quote from canuckrookie:

Unbelievable. No rational reason for this. What has changed since yesterday?

nothing, I used to think the same exact thing, however around 12pm today I thought the market was just soo oversold that it was about to bounce so I sold inverse funds and went long, the market is irrational and will act irrational on the down and upsides.

 

[detective]

Definitely a delayed reaction the 75 bp bopper from Ben. This smells like a short term low, I think its safe to buy here until the FOMC meeting. After that, all bets are off.

 

[frank grimes]

As I said elsewhere and many times before, the most viloent rallies occur in bear mkts, this one was gift wrapped, take advantage of it. It may only last through the end of the week, depending on the trajectory.

 

[dipper17]

I totally agree with Frank, some of the most violent rallies occure in bear markets, but when the music stops you better get out of your longs quickly.

 

[S2007S]

Quote from frank grimes:

As I said elsewhere and many times before, the most viloent rallies occur in bear mkts, this one was gift wrapped, take advantage of it. It may only last through the end of the week, depending on the trajectory.

agree, sold off UYG and ITB


will be buying both on the next dip


UYG below 32

ITB below 15.50.

 

[krazykarl]

Quote from detective:

Huge volume spike right at 3 with the market spiking several handles to the green. Unreal what direct government intervention can do to a market. In all sorts of ways.

PPT has hit the panic button and they are jamming this market higher to directly change investor pyschology. Unreal.

There was news, it just wasn't in the media.



Regards,