News Focus
News Focus
Followers 113
Posts 13225
Boards Moderated 0
Alias Born 07/07/2002

Re: was Steve post# 89087

Wednesday, 03/19/2003 8:39:26 PM

Wednesday, March 19, 2003 8:39:26 PM

Post# of 704041
"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?"
---------------------------------------------------------------

steve...

Without a doubt, yes. I said so at the time (and predicted the day before that it was going to happen), and continue to believe it now. Both the July and October "bottoms" were artificial and created by the PPT stepping in to stop a potential waterfall drop in the markets and especially to save the money center banks.

If you are familiar with trading patterns in various stocks (tic by tic, not macro), there is no other explanation for the jamming that goes on when the PPT is coming in with both feet unless you accept the premise that everybody all decided at the exact same time to buy a select group of stocks and futures (at the same instant) and were determined to pay the highest price possible in doing so - and then kept repeating the process time after time.

mlsoft


Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today