with Oli | Strategies


Every day the “same” structure

Every day … the PPT tries to hold the market … whenever they see a chance, they bid aggressively … sell into the short squeeze … but still they are not too successful …

Today … a good example …

In the morning … bidding the market up on 2 reasons …

- a good feeling ;) that retail sales will come in better than expected

- the rollover of the leading equity futures contracts

So the game was BID ON HOPE in the morning … bash some shorts …

then the news flow … OVERWHELMINGLY NEGATIVE … as always …

Today …

- Lehman makes some management changes without cutting the man responsible … the CEO

- Yahoo and Microsoft take some air out of M&A hopes as they end talks

Result … markets loses all hot air from the morning …

hits NEW LOWS …

and then … as seen many times before … the last 30 mins.

10 points squeeze … to bash some shorts …

Do I hate it??? … YES

Can I change it??? … NO

Why does it function?

As to much money is around … stupidity rules and the greed is big enough for most investors to “better” stay in the market …

Horrible … But payday looms :)

Tags: , , ,

Leave a Reply