PPT in full swing …
As markets were close to collapsing …
The PPT (plunge protection team) buys like tomorrow no more shares would be available
After gapping below the January lows (S&P 1264), market started squeezing NORTH …
Ironically, Lehman and Deutsche Bank started the buying …
Now we traded above Friday’s low (1275.50) and last weeks low (1274.5).
Technically … this means … BUY …
Let’s see, whether we can close here, to set up a squeeze …
FED tomorrow and VISA IPO on Wednesday as well as the option and future expiration on Friday …
ALL this calls for a bounce … Don’t get caught wrongfooted!!!
Tags: expiration, FED, PPT, VISA
