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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (80077)5/11/2008 7:32:03 AM
From: saveslivesbyday  Read Replies (1) of 94695
 
Vi - looks like the PPT tried to stimulate some program buying Friday at 3:30, but it didn't stick this time.

this appears to be the M.O. - flood the market with a bunch of S&P futures buy orders, which likely kicks in some of the big firms' computer program buying.

Sometimes it works great, and other times looks like a flop.

There's probably a manual over-ride switch (ie someone who says "sorry, not this time Hank")
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