PPT have a printing press so liquidity is probably unlimited.... Probably a matter of when they had enough !
It could easily rally strongly ...... punting risk is minor.... so far no real damage done .....and this is only third day down so trend is still intact. Bill McLaren wanted to see 1370 Spx taken out or pullback exceed 3d to consider end of blow-off.
It could easily rally strongly ...... punting risk is minor.... so far no real damage done .....and this is only third day down so trend is still intact. Bill McLaren wanted to see 1370 Spx taken out or pullback exceed 3d to consider end of blow-off.
mark twain uk
Established member
- Messages
- 618
- Likes
- 4
Out of my shorts for now, I reckon there will be another push up, they have to at least finish the month, if there is a major fall it will have to start from next month, the PPT must have a target in mind and the day before the end of the month cannot be it
http://www.mclarenreport.com.au/yvs500/CMSdisplaypages.asp?id=1&cat=Free+CNBC+Reports
Check out the report for 30th Ocober
He'd probably not call them prophecies but ... "probabilities" although he does use the word forecast sometimes!
Check out the report for 30th Ocober
karmit said:
He'd probably not call them prophecies but ... "probabilities" although he does use the word forecast sometimes!
mark twain uk
Established member
- Messages
- 618
- Likes
- 4
the pull ups are more and more laborius, it used to be a simple matter of hitting a low and off they went, you could draw a straight line under every rally for the last three months, now it started to wobble, there seems to be more and more pressure on the selling side, could it be that smart money are getting out in an orderly manner?
Last edited:
mark twain uk
Established member
- Messages
- 618
- Likes
- 4
let's see how high they can go in the last half hour, I will sooooooooo sell it at the end if it goes ballistic
mark twain uk
Established member
- Messages
- 618
- Likes
- 4
anybody else watching cable? I closed a long yesterday for a tidy profit (DOH!) and I am now tempted to go short, it looks like a pull back is in order
Last edited:
mark twain uk
Established member
- Messages
- 618
- Likes
- 4
And back in on the short side from 12,090 and 1,379 cash, the PPT brigade obliged, as usual
mark twain uk
Established member
- Messages
- 618
- Likes
- 4
dc2000 said:
You always do (play for a better price), it's amazing what few years of experience can teach you, I hope to be one day where you are now, the trouble is that by then you would have moved forward too, but that is OK, as long as I am on the same side of the trade as you
dc2000 said:
Mega fall because...
--> Market went up too soon and way too much without 5-10% correction as in a "normal"
market.
--> US economy is not really in a "good" shape
--> US trade deficit is at all time high
--> US housing market has crashed pretty much
--> US inflationary pressures are still on the top of the critical watch list by Fed.
--> Institutions need to pull out money to make profit - no profit, no big fat Xmas bonus!!
--> Elections bring in uncertainty
--> Iran doesn't care about US - nor does N.Korea - but the oil cartel does.
Do you need more reasons?
On the other hand, I can't see any strong bull points in the short-mid term on the DOW.
Down down all the way to 11600 before any pullback....
Every reason you have posted there Karmit is why it is rising you've got to give the masses a feel good factor otherwise they'd notice. For example check every announcement of a record US trade deficit every single time the Dow surges between 100 and 200 points, coincidence?
Read somewhere that we'll know when the market top is when the US GDP is 0% that is the point when no media spin however creative can hide the fact that the slow down is real. By that time all bears will be burnt out and bust.
Read somewhere that we'll know when the market top is when the US GDP is 0% that is the point when no media spin however creative can hide the fact that the slow down is real. By that time all bears will be burnt out and bust.
Last edited: