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: Jeffrey S. Lillie who wrote (20042)	12/13/2002 7:08:03 PM
From: ajtj99	Read Replies (1) of 30712

I don't see how we can have any sustained rise without testing underlying support at 1347 COMP. A gap and run does not really fit well. FWIW, due to overuse of the term PPT here to describe any bounce off support, I'm going to be putting anyone here who uses the term on this thread on ignore starting tomorrow. I hardly ever use ignore, as I get along with nearly everyone. I just can no longer handle all the crying about PPT when the market is just fulfilling what the T/A says will happen. I haven't seen any evidence of PPT since July 2, when a mysterious 10,000 contract S&P order came in around 2:35PM when the market hit a critical support level at 8300 Dow. Nothing personal, Jeff. I just am totally and completely tired of hearing that term thrown around and used to explain everything that happens in the market. If someone does have a PPT reference, at least substantiate it with something on the level of this 10,000 futures contract buy at critical support at the 2:30PM turn July 2nd. Otherwise, it's just whining or unsubstantiated BS, and we're better than that here.

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