Zeev's Turnips Patch-No Politics (ZEEV)

[was Steve]

PPT is overused and beat to death. Why do so many blame every uptick on the bloody PPT? Granted this rally is way more than an uptick. Its pace and amplitude have exceeded all my wildest expectaions for this stage of the rally. In fact the nas and spx have already met my first targets for the whole rally. The next ones are now in play at 900 spx and 1467 nas.

Imo fwiw, this rally up to an including today can NOT be put on the PPT. A further advance from these levels without a pullback and then i would agree that there is intervention to keep markets happy going into the war the looms at any moment. Im not here to argue with you over this, just sharing my take on what i have seen. also we have not even come close to matching the ramps in july and october of last year. Were those the work of PPT as well?

We got to levels of major oversold on daily and WEEKLY charts in the USA, Asia and Europe. The various regions have had different levels of bounce. Asia's has been uncharacteristically weak, while Europes has been very robust. Moreso than ours.

What does tomorrow bring, i havent a clue, but i got rid of a bunch of my shorts just in case da boyz want to jam it once again.

This is in no way an attack on you or what you believe. It is merely my thoughts on my persective.

Best of luck to you in your trading.
steve