Must Be The PPT...

stock_trad3r · Dec 5, 2008

Quote from MrDODGE:

The last 10 minutes should be one heck of a ride. What is your Dow target for the day?

+200 most likely...I dunno any close in the green would be be deemed a success considering the job numbers were worse than expected.

MrDODGE · Dec 5, 2008

Ooopps... YM just tried to turn back around after breaking support set at around 8,336 and it wasn't held. I am turning bearish again if we break 8,253 on the YM.

stock_trad3r · Dec 5, 2008

Quote from MrDODGE:

Ooopps... YM just tried to turn back around after breaking support set at around 8,336 and it wasn't held. I am turning bearish again if we break 8,253 on the YM.

just a minor dip, will recover.

riskfreetrading · Dec 5, 2008

Quote from gnome:

To discourage negative sentiment and further selling..

Reason is first crack in bonds appeared at 1ishPM. Who caused it? Everyone could including PPT.

Also technically equities shoudl rise, but there is a resistance at 1152 area.

Read relevent posts on RFT's blog. I will get the links later as I am busy with watching over positions now.

paysense · Dec 5, 2008

PPT can support a higher close (and will).imho

Pay$

stock_trad3r · Dec 5, 2008

close up 300 points?

time to go all in and cover all shorts now

MrDODGE · Dec 5, 2008

Quote from stock_trad3r:

close up 300 points?

time to go all in and cover all shorts now

300 points should be easy, maybe 400+

Landis82 · Dec 5, 2008

Quote from S2007S:

I would be fading this minor rise in the markets.....

I dont see this following through till 4pm.

Since you admittedly don't TRADE for a living, why you would feel that you have an ounce of credibility in regards to the final 90 minutes of this trading session is absolutely beyond me.

Note: The defense stocks are exploding higher. ( LMT, LLL, GD, NOC )

andrewbee · Dec 5, 2008

My theory about the market bottom we seem to be experiencing has nothing to do with the PPT, and everything to do with the big market players manipulating things.

I believe Joe Public is being seduced into coming back into the market, and that little by little the market will creep higher over the next 2-3 months (maybe to 10K again). Then the players will do massive, coordinated shorting and send it plunging again, only to cover again at the bottom, having separated lots more suckers from their money.

Anyone care to discuss my theory of how the market REALLY works? (And no, I'm not eating sour grapes - my trading is and has been going just fine).

Spectre2007 · Dec 5, 2008

Quote from andrewbee:

My theory about the market bottom we seem to be experiencing has nothing to do with the PPT, and everything to do with the big market players manipulating things.

I believe Joe Public is being seduced into coming back into the market, and that little by little the market will creep higher over the next 2-3 months (maybe to 10K again). Then the players will do massive, coordinated shorting and send it plunging again, only to cover again at the bottom, having separated lots more suckers from their money.

Anyone care to discuss my theory of how the market REALLY works? (And no, I'm not eating sour grapes - my trading is and has been going just fine).

your right