All the PPT has to do is “chart paint” as the black boxes (mindless trading) move on “technical” signals….

Fundamentals out the window…… Chicken bones and tea leaves are all the rage….

to those who have doubts about buyers intention….i have an easy explanation, speculation is what brings those rally….

thousands of traders participating to make a quick buck in a oversold/illiquid market can bring those 10% up days…

if PPT was buying….dont they have to sell?? and when do they sell without damaging the market…if we had a depressed market for a long time??

or do they just buy and hold??

Ever heard of MKUltra . . . CIA drug program for almost 30 years tested on US citizens and that’s a fact, no denying it.

The PWG exists, we know they exist for “financial stability” what exactly they do to promote that is well anyones guess. I would image that it’s not direct manipulation, but indirect. I highly doubt is BB and Hank sitting around a table just dreaming up TARPs.

http://mediamonarchy.blogspot.com/2008/11/video-cnbc-plunge-protection-team.html

Don’t forget the Fed is just a bunch of private banks with the president picking the governors and chairman….

At this point in the market the Fed really has the cash to move markets, the markets is illiquid now, and a couple of million dollars can move the market in a certain direction.

I am not here to say that the group exists and is active but one can build a pretty good conspiracy theory on the following

- highly illiquid market, a few billion dollars a day would move the market listen to Joe Kernan’s statement
- there’s a good enough reason for such manipulation to occur against breaching the current technical level the market is flirting with (38% fib retracement from the 1900s, 2002 lows, October lows), if breached, that will be unbearable chart damage
- Take a look at dollar action in the past year, if you don’t believe there was any form of manipulation to the dollar, then…..also manipulations in the Gold and silver markets, look at the Aug COT report, 2 US banks were responsible for shorting an equivalent of 20% of the world gold supply few days before the major collapse of the gold and silver market
- Finally recent price action in the markets in the final hr of trading: trading volume all day is very light, and all of a sudden there’s a spike in volume, and the market reverses all the way from negative territory to positive territory see this video http://www.youtube.com/watch?v=cYAcM7KtGUI
- There are many other reasons one can come up with

I just think it’s possible, I would like to believe i’m wrong

If so, why don’t we know what they have been doing all these years.

If not, why not?

My guess is they are not nearly as active as people think.

And if they have been active this year, then they deserve a failing grade.

And if they have been active all they did was postpone the inevitable and prolong the agony. An earlier and faster crash would have resulted in a bigger rally by now.

Oct 2-10, 7 trading days in a row the market drops a total of 2400 points. the points are no biggie, but how we went down was suspect.

how does a market fall uniform 400 points every day for a week? it would seem to me, we could have knocked out that slow motion train wreck out in a day in a half.

unless there was some size buyer coming in putting in a floor, every day. maybe it was program trading?

also, why have we not seen a real capitulation day? i guess we have capitulation weeks now. or capitulation months.

2008 the year of capitulation! all this technology has slowed us down. sometimes it’s good to panic

for example, if you panicked sold at any point in the last 5 years, you’re better off than anyone holding today.

i do enjoy foil hats, but i’m also willing to admit it just might be us bears having absolutely no comprehension as to why anyone is buying.

that said, sold my DIA DEC 70 Puts at the buzzer. looking to rebuy further out, ASAP.

happy trades

Tomorrow and Friday should be lots of fun.