Respect the PPT

Discussion in 'Trading' started by detective, Jan 16, 2008.

  1. Looks like the market has V-bottomed with a short-term break of 1370 creating the panic bottom that we need to go higher. PPT seems to have stepped in at the nick of time.

    Look for Bernanke yapping to move the markets higher and upcoming Fed meeting in end of January to provide a catalyst for desperate bulls. It is all a silly game because we all know that fundamentals don't support this market, only the Fed does. But the games go on in this bear market.