The PPT Rally Has Begun

MrDODGE · Nov 21, 2008

8,000 should be easily broken

lachie74 · Nov 21, 2008

This must be the 5th time this year that a huge rally occured at 3pm on a Friday, curious.

Adobian · Nov 21, 2008

I bought loads of LEA yesterday. Any opinion on this stock?

MrDODGE · Nov 21, 2008

Over 8,000 would be a great shorting opportunity

MrDODGE · Nov 21, 2008

Citigroup is dropping as the market is rallying.

ksonsinc · Nov 21, 2008

I agree I averaged C but no strength at all
Most the financial are still in negative
The big boys are playing with the Emini i guess

ksonsinc · Nov 21, 2008

Woh all the index and e- mini trader are covering their short,s before the weeked

stock_trad3r · Nov 21, 2008

buy goog, ewz ,ma, bidu, aapl, fslr rimm and make money avoid all financials
werd

riskfreetrading · Nov 21, 2008

Quote from Kicking:

This is not the PPT stupid, this is institutional buying.
They are buying weakness everytime

I told them that it was the bottom on two threads and on RFT's financial traders blog, but they did not listen. I even warn them at 2:37PM that the rally is about to start (before it did) but they still shorted the market. It is the nature of the market.

Evidence is at the threads, and RFT's blog:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=127406

http://www.elitetrader.com/vb/showthread.php?s=&threadid=145546