MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Lizzie Tudor who wrote (15216)	12/2/2002 2:07:23 PM
From: eddieww	Read Replies (1) of 19219

Lizzie: There is no doubt that there is an official govmt entity called "The President's Working Group" aka the PPT. It was established by Executive Order following the 1987 crash. members.rogers.com I don't think the PPT is nearly as involved as some think, but I think we saw them on Apr 4, 2000 when the compx was down 575 and there were no buyers to be found. They stepped in to goose the SnP futures to arrest the crash. Also, I think there's a good chance the PPT was involved Jul 24, 2002, primarily to prevent a "liquidity event" related to JPM derivatives, and covenents of same related to sub-$20 JPM share price. I have no opinion or explanation of the futures phenomenon that Steve (and many others) has noticed. Lots of other large entities have fish to fry and cats to kill and the resources to do it.

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