Don't Fight PPT
Started by
redfoliage2
, Feb 28 2007 09:14 PM
3 replies to this topic
#1
redfoliage2
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Posted 28 February 2007 - 09:14 PM
PPT must have been working hard today trying to prevent further down in the stock market. Who the hell bought today with these huge volumes on both NYSE and NASDAQ? I suspect it's the PPT.
#2
arbman
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Posted 01 March 2007 - 12:48 AM
Back to back huge volumes basically built a huge resistance and support, either way it goes, it will take sometime to go far away from this level probably. If it fails tomorrow, it will come back and test it, or vice versa...
In any way, I believe this much volume and no action is very fishy...
#3
redfoliage2
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Posted 01 March 2007 - 03:31 AM
Yahoo shows that about 65% were up volume. I have to admit that It was bought up.
#4
redfoliage2
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Posted 01 March 2007 - 03:44 AM
BTW, China Shanghai index down again -2.2% because the Chinese "PPT" is busy doing the opposite of what US PPT is doing: cooling down their stock market.Yahoo shows that about 65% were up volume. I have to admit that It was bought up.
