Edited by redfoliage2, 01 August 2007 - 09:12 AM.
They Must Be Working Hard to
Started by
redfoliage2
, Aug 01 2007 09:03 AM
2 replies to this topic
#1
redfoliage2
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Posted 01 August 2007 - 09:03 AM
PPT at work to defend the LT trendline. Don't fight the PPT, they are determined that's what I heard.
#2
BigBadBear
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Posted 01 August 2007 - 09:06 AM
its not going to work..we may crash
#3
maineman
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maineman
Posted 01 August 2007 - 09:08 AM
I'm not sure who "they" are but someone is in trouble. Huge fast sell programs hit early and immediately reversed, Usually a sign of a forced (margin call) liquidation. SOmeone had to get out at 5 to 6 point discount to the market. No one does that unless they are panicked or they are forced to. Too much of this "clean up" going on in the first 30 min...dust still settling. Heavy buying of DOW puts, too.
mm
