The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: TH who wrote (48)	1/10/2011 4:57:57 AM
From: saveslivesbyday	2 Recommendations Read Replies (1) of 119362

I agree there seem to be 2 levels of "PPT resistance" It's easy for them to push the market up on low volume days, or hold at S1 and/or S2 pivot points. On heavy volume selling days they "resign" to the trend - up to a point, when the larger 100, 200 MDA and Fibbo levels are approached. And it's not as if everyone who reads doesn't know what these are - they're virtually announced on TV. Then the PPT driven machines wait until these serious support levels are about to be breached, and again everyone can see when the heavy buying kicks in to defend the market. So, IMO, there are only 2 opportunities to be short - between pivot points, and on heavy down days ....... as long as you cover before the machines start trying to clean up the mess. Having a lot of cash for day-trading on a big down day is an awesome experience, as everyone knows. Like riding a great wave, or skiing down a long slope on powder, as long as you enjoy it, make the most of it and don't expect it to last

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