Must Be The PPT...

Back during the rip-roaring bull market days of the mid 90's it was common for the crashistas and permabears to blame the "PPT" for a continously rising market, it was certainly easier than admitting you are wrong. I always thought that once the bull market ended they would stop believing in their fantasy of a market controlled by "they". But doggone it if here we are, in a market down over 40%, and they still believe there is a group of hobgoblins propping the market up. The fact that the market is not up doesn't deter them at all. They just point to the Wikipedia page about the PPT and say, "SEEEE! It is real!"
 
Quote from stock_trad3r:

no, its because the funds are loading up realizing that a .2% rise in unemployment isn't as big of a deal as the doom and gloom media would have you beleive.
More...


No, it's called short covering, which is what the smart money does going into a weekend after a nice run back down with the trend over the last couple of days. It is hardly "loading up".
 
Quote from stock_trad3r:

The mass realization by funds and institutions that this whole financial crisis is fake and the recession is very shallow. This current bear market is just a giant shakeout. Thats all. As long as taxes aren't raised the recovery will be v shaped.
More...


This is one of the funniest posts I have ever seen on ET - what a joke.
 
Quote from midniteeuropa:

u on the other hand, have been WRONG just about all the time.

is there a ignore button for this user ?
More...

Yes, there "kind of" is...if you are a member, go up to "Your Account" and click on it. When you get to "your page" look toward the top of the page and you will see "Ignore List" I did it with sphincter_trader. I enjoy a good laugh as much as anyone, but sphincter_trader is just an over the top troll, or an idiot - I am not sure which :D
 
Quote from sandygray66:

No PPT action today.

Simply demand exceeding supply. Pretty simple stuff. Only higher lows and higher highs since 10:45 EST.

I love it how the permabears must find an unknown evil force (the PPT) pushing the market against them. I suppose they fear the bogeyman too. :)

The PPT may very well exist...but the only evidence is when there's catastrophic plummets which suddenly reverse on a dime, creating a V shape on the chart. There's been a couple of those during this bear market, but today definitely wasn't one of them. Nice back and forth motion today, as prices continued upward, with rational buying meeting each temporary dip.

And all those who shorted the bad news, providing more bull power as they cover on each new high.
More...

You can't get any clearer than this. Thanks Sandygray66 for providing a rational explanation for today's action.

The ONLY reason the PPT becomes a problem in one's trading is when one is short when the "PPT" kicks in. When you're long who cares about the PPT, when you're short or out watching it go up then OF COURSE it is the PPT.

Who gives a shit whether it's the PPT or not. Just trade price & volume. It doesn't get any better than that.

"Simply demand exceeding supply" Love it!!
 
The mantra for all trading...

Supply exceeding demand...markets weaken

Demand exceeding supply...markets strengthen

It is a simple as that....
 
Quote from Now is Now:

The mantra for all trading...

Supply exceeding demand...markets weaken

Demand exceeding supply...markets strengthen

It is a simple as that....
More...

You were excited enough about this thought to waste the energy to type the keys?
 
You must log in or register to reply here.
Back
Top