To: steveegg
Although I'm don't doubt there is a PPT at work in the markets, I'm not sure the late day rallies we've seen are completely due to the PPT. It's possible, but it also could be shorts closing out their positions. Bulls love to villify short traders, implying there is something evil in shorting the market. The irony is that shorts actually help in a falling market by providing liquidity (i.e. they are buyers when everyone else is selling).
233 posted on
07/22/2002 12:53:58 PM PDT by
Soren
To: Soren
Looks like the long day traders are not willing to sleep on it.
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