Complacency Indexes Message Board

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Strategies & Market Trends : Complacency Indexes

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To: ajtj99 who wrote (1434)	6/11/2002 10:18:10 PM
From: Susan G	Read Replies (1) of 1487

That ramp this am was so unbelieveable I had to capture it <g> mywebpages.comcast.net All night long the futures traded flat to down, (realy tanked on the NOK report) then suddenly they are surging, on no news? It was the PPT for sure. Pissed me off totally as I was short overnight and had tp cover an wait for the ramp to wear off <g> I was laughing though, as it was so obvious who was buying at that hour and why. Some traders don't realize that some of our UP opens are due totally to short covering in Europe overnight, or early morning PPT pumps. CNBC talks about pre-market like up futures means there is a ton of buying interest in stocks, when the ONLY reason there is any buy interst is to cover because the futures are moving up <g> It's the which came first, the chicken or the egg dilemma! Yet every day, how our markets open is based on this middle of the night or very early am activity - on NO volume, often covering overseas just because they want their profits. And the end result, what a complete waste... mywebpages.comcast.net

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