Of course the PPT has unlimited money... Treasury provides it. They don't need all that much to stampede the markets at an appropriate time... what... 20,000 cars? Even if it took 100K cars... market traded 4.4 Million yesterday... PPT was highly likely long gone by the close...
IMHO- 1) I was looking for a NEW LOW at the 11:35 am pacific bar. Instead, the market made a NEW HIGH. 2) the breakout above the 962.00 high that was registered at the 10:55 am Pacific bar. 3) when the mkt broke out again above the 882.00 high of the 12:30 pm Pacific bar. There you have it: 3 technical/rational explanations.
Agreed. 100k contracts of 100 points of downside risk = 500m. Definitely PPT. Those guys love technical analysis.
We're talking 610 million here. I'm not sure any normal trader would take that risk when he could wait and buy at 775..
What say "THEY" if this market gives back yesterday's gains? IMHO we are going to 7000 before end of year. could test the 8000 range today
guess you guys are talking about PPT manipulating futures? I am confused. What is tracking what? Does future track Dow 30, or DOW 30 track future? I think itis Future that tracks Dow 30. So if anyone wants to manipulate the market, he has to manipulate DOW 30. It takes billions of dollars to do so, but still PPT can do it, and if it is done right, PPt can make money.