I do this almost exclusively of late; CC=Short RLX; ISM=Long CYC...works almost always! Gotta be creative. Good trading in 2003!
Jack, i was referring to the propping up of the stock market. Propping up the market? Have you looked at a daily chart for the last 3 years?
Without the PPT the DOW would be at 5000, the SP at 475 or so, and the Nazz at about 850, the PPT is supporting the markets to avoid a complete meltdown in Consumer Confidence (See Tues), and they are trying to bide time for the "fundamentals" to kick in...biz spending, better EPS, etc, the consumer is wiped, the SP should have broke 865ish on Tues...but PPT can't let that happen...now miraculously we are 30 points higher....are you that clueless? Use the PPT to your advantage! I know I do. Check out the aftermath of the 1920s crash, DOW gave back 90% of its prior gains, but no PPT back then, SP has only given back 50% of its gains , from the biggest bubble ever! Why do you think that's the case? Ponder that.
You 're absolutely right, i don't care if those statistics are screwed , llearned the hard way not to bother, just follow the move, today's rally was a textbook move, 4 waves of 6 to 8 pts, the money is just sitting there for the taking
Where do you think that rally after 9/11 came from? People buying stocks. If the "PPT" did their job they wouldn't have gone down so far the week after 9/11.
Without the PPT the DOW would be at 5000, the SP at 475 or so, and the Nazz at about 850 If you can know things like that you must be very very rich.