Thank Goodness for the PPT

[Ditch]

Quote from TheCaracal:



I agree with you 100% on just watching price and vol, 99% of the time i do so as well , but man on that other 1% when ever things look so dire, the rewards are sweet! Thanks PPT!

Good trading

yeah, c'mon PPT, give as another push up.

 

[ElCubano]

Quote from TheCaracal:



I agree with you 100% on just watching price and vol, 99% of the time i do so as well , but man on that other 1% when ever things look so dire, the rewards are sweet! Thanks PPT!

Good trading

So basically; from what you just wrote, you know exactly when it is the PPT acting and when its just a pullback on a downtrend.....

 

[Ditch]

Quote from Jeffo:

You'd better get it under your skull, so you can start making some money on it, Jeffo.

How do you know I'm not making money? I go by price and volume, not what the man behind the curtain may or may not be doing according to my imagination.

Did i say that you weren't? My point is just go with the flow, since i quit questioning the reason for a move this game became a whole lot easier. Obviously you're using that approach, so you should be fine, PPt or no PPt.

 

[Ditch]

Quote from ElCubano:



So basically; from what you just wrote, you know exactly when it is the PPT acting and when its just a pullback on a downtrend.....

it's basically quite simple, if some ugly figures come out and it's completely ignored, well then...

 

[okwon]

If ppt market manipulation is true, then I hope they have enough money to keep propping the market up until there are some real buyers, because if they don't, I as a taxpayer would hate to get stuck with the bill, and not to mention a devasted economy.

 

[ElCubano]

10:02 ET ISM stronger than expected
The ISM index jumped to 54.7% in December from 49.2% in November; this was significantly better than the 50.1% consensus. New orders paced the increase, with a large increase to 63.3% from 49.9% - this component has the greatest weight in the index as it is considered to be the best leading indicator of the group. This one number is not enough to claim either the manufacturing sector or the economy is suddenly booming, but this is certainly a move in the right direction and should give the market a lift.

 

[Minime]

Quote from ElCubano:



So basically; from what you just wrote, you know exactly when it is the PPT acting and when its just a pullback on a downtrend.....

You're not on the special alert service then I take it ElCubano?

We'll have to get you on the list.

 

[Ditch]

Quote from ElCubano:

10:02 ET ISM stronger than expected
The ISM index jumped to 54.7% in December from 49.2% in November; this was significantly better than the 50.1% consensus. New orders paced the increase, with a large increase to 63.3% from 49.9% - this component has the greatest weight in the index as it is considered to be the best leading indicator of the group. This one number is not enough to claim either the manufacturing sector or the economy is suddenly booming, but this is certainly a move in the right direction and should give the market a lift.

hey man, is this a joke? i was talking about ignoring UGLY figures, last friday's consumer confidence i.e., besides that this ISM index is complete crap, too many times when we're at a critical level it out of the blue is SIGNIFICANTLY better than expected, give me a break

 

[ElCubano]

Quote from Ditch:



hey man, is this a joke? i was talking about ignoring UGLY figures, last friday's consumer confidence i.e., besides that this ISM index is complete crap, too many times when we're at a critical level it out of the blue is SIGNIFICANTLY better than expected, give me a break

Nope, it was not a joke....

 

[TheCaracal]

Quote from ElCubano:

10:02 ET ISM stronger than expected
The ISM index jumped to 54.7% in December from 49.2% in November; this was significantly better than the 50.1% consensus. New orders paced the increase, with a large increase to 63.3% from 49.9% - this component has the greatest weight in the index as it is considered to be the best leading indicator of the group. This one number is not enough to claim either the manufacturing sector or the economy is suddenly booming, but this is certainly a move in the right direction and should give the market a lift.

No the Consumer Confidence # on Tues was the one that was ignored...the lowest reading in years..and not coincidentally we were 2-3 handles from a complete meltdown..look at your daily SP chart, there's NOTHING below SP 865, we were at the exact levels of the 4 DAY rally from Oct lows! Twice actually, Mon ad Tues. Why did that happen? Really ask yourself that question.

And today..like nothing happened! Go figure?