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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: GraceZ who wrote (15182)12/2/2002 8:15:26 AM
From: Steve Lee  Read Replies (2) of 19219
 
Hope you made money this morning from my weekend futures advice! BTW did you notice the bad ticks that accompanied today's futures juicing.

QQQ quote of 979 went thru!

US futures pump at 3.30 and just before 6.30 followed by europe catch up and more US futures juice at 7.50. Then bad prints in the premarket. All signs to stand clear for PPT. But it never leads to a sustained move.

3.30 the PPT is working from London at 8.30am local time. 6.30 is the PPT early shift in NY.

Someone has spent a lot of money lifting the futures this morning. Wonder how bad the news will be at 10.00?
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