Entertainment or noise??? One post he stated and I quote 'I have experience trading 700NQ contracts' hahahahahah
well back to the topic......... I think it was platypus that said something like "so there was some special event yesterday that I didn't know about?". I think the event was really just the drop itself. Basically I think they are just trying to smooth out the drops on the daily charts and to strike a little fear into the shorts on occasion. They know that they can't prop up the markets on a long term basis, but they definitely can and DID make things look a whole lot better on the daily charts and on the evening news. If you are a politician or if you do retail brokerage business, then appearances are very important.
Q: When do the mirrors start to mirror the mirroring mirrors ? A: In a bear market ? Q: When do they stop ? A: ... It looks bad for the stock market, folks ...
Q: When do the mirrors start to mirror the mirroring mirrors ? A: In a bear market ? Q: When do they stop ? A: ... It looks bad for the stock market, folks ... The president said we are in a full recovery. How can you not be bullish. Buy Buy Buy and don't question anything else. Got it.
Anyway, by looking at the charts I think this thread is getting obsolete. The put up seems to work ...
if they can inspire enough confidence in longs or enough fear in shorts then I guess it works. I just wish I knew when they were going to step in. Surely there are people that know and are making a lot of money.