We’re SAVED!!! A 2,000 point Round Trip in One Day?
TND Guest Contributor: Rory Hall, The Daily Coin
I have been watching the market today starting about 4:30am. At that time the overnight was just starting to pick up speed, to the downside, and it looked like a pretty bad opening was in the offing. Normally, I could care less, since I have “no skin-in-the-game”, however, there were a number people on Friday saying to watch out for today, so I did.
The market, as we reported shortly after the opening, did in fact close for a short period as it looked like a cliff-dive was unfolding. This allowed the PPT (Plunge Protection Team) to refill their coffee cups and put the breaks on this run away train. With the DAX (German market) down over 4%, the FTSE (European Market) down over 4% and the NIKKEI (Japanese Market) down well over 6% (all of this was BEFORE the PPT refilled their coffee cups), it looked like the vultures were circling the DJIA awaiting it’s demise.
The vultures have returned to their nest, hungry, with no bones to pick over. The magic of the PPT is racing the DJIA back towards “green” territory.
This what is what was happening at approximately 11:38 CST
If you notice the small scales under the charts they all read very, very red, but somehow the charts are moving towards green!!! Nothing fishy about that at all; wouldn’t you agree?
What amazes me more than anything were these presstitutes on national morning “news” shows, between 8:30am and 8:45am, trying to calm everyone and, basically, telling everyone NOT to sell anything as they would miss out on the rebound!! Presstitutes one and all.
I am willing to bet the DJIA gets back to within a 1% loss for the day–signaling a “victory” for the PPT. I hope I have to eat crow for that call as this ponzi needs to explode.
charts, including feature image/FINVIZ.com
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