with Oli | Strategies


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!!!

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