Paul, Thanks for the reply. Good post. I don't see that many post about the PPT and real time trading. What I see more are post from the non-believers and us that are trying to defend our beliefs that the PPT exist and influencing the markets.
I agree, maybe some use the excuse too often for any move in the markets that go against them. However, maybe there is some credibility to that as the PPT appears to enter the market as some have said, "at just right time". Even 100 year old, or so, Richard Russell has implied an acknowledgement of their presense. Coming in to the market at just the right time is that time when some of us traders thought we saw the "foe sure" winning trade in the past. Times when you sit back and have to ask ourself,"why is anyone of size buying (selling) here?"
As I have mentioned, the Nas NMS tick is the closest thing for me to the holy grail for daytrading. I mostly daytrade QQQ's, INTC, AMAT and MSFT. I like them because they tend to trade with the market. That way I get a number of confirmations before I enter a trade. If I feel good about the market direction then I move to more volatile issues like NVLS, KLAC, CSCO, CCMP. About two years ago I started noticing unusual buying patterns at "just the right time" to save the market or the trend. Once I somewhat got a handle on what was going on, the PPT steping in, my trading results improved. Once I acknowledged their power I was able to use their presense to my advantage. I now have another piece of the puzzle. I know now to step aside or try to play their game their way.
Joe
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