P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: augieboo who wrote (18783)	12/7/2002 2:07:20 AM
From: Jorj X Mckie	Read Replies (2) of 30712

I do believe in the PPT, but I suspect that my view is a little different. I am convinced that the PPT was active wherever you see a big gap up. That means that they were buying like mad dogs. But if you assume that the main buyers of the PPT are your large institutional financial houses, you also have to assume that they are profit motivated. They aren't going to buy for the sake of buying, they are going to buy so that they can sell at a higher price. And once they sell, they aren't really going to want to buy it back for a couple of points lower, they want to get bargain basement prices....like what we had in October. It is because I believe that the PPT was active in October/November that I also believe that they are done for a while. They want prices to go down now.

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