It’s The PPT

Manipulation In Action?

By Bryan Bottarelli
Friday, September 26, 2008 11:41 AM EDT
Fri, 26 Sep 2008 15:41:00 GMT

Dear Bottarelli Research Member,

I don’t know about you, but I’m sick and tired of listening to politicians.

Whether it’s Ben Bernanke, Hank Paulson, President Bush, John McCain, Barack Obama, and now the House leaders, everything that I’m hearing lately makes one little thought pop into my head. And that thought is quite simple:

“It’s all bulls*#%”

I’m also sick and tired about being lied to, especially by bank CEOs who have been reassuring their depositors that their banks are safe and liquid.

“It’s all bulls*#%”

I could go on and on, but what’s the point? The end conclusion will be the same.

“It’s all bulls*#%”

Here’s What’s Important: Through all of this garbage we’re being fed today, I’ll be at the command center, doing my very best job to give you the most straightforward and logical trading advice. And when I look at our recent plays, I think it’s safe to say that we’ve been performing rather well.

Sine the beginning of September, for example, we’ve hit winners on 16 out of 19 trades. That’s an 85% trading accuracy in one of the most messed-up financial markets since the Great Depression. I don’t know about you, but I’ll take that track record any day of the week (and twice on Sunday!).

I openly admit, we’re in a trying time. People are losing their money, and more importantly, they’re losing their faith in the system. But I’m determined to help you, my loyal readers, prosper during these trying times. And this promise comes to you without any B.S. attached to it. So on that note, let’s look at today’s major market averages.

INDU

In a rather shocking display, the intra-day market has held up rather well. But don’t be fooled. According to one of my key contacts (who trades heavily on the S&P futures market), he’s seeing major buy orders being placed on the long side. These positions, in his view, are the good old Plunge Protection Team (PPT) in action.

In other words, the reason the market has held up, thus far, is due to manipulation. Pure and simple. Therefore, I’m not placing too much emphasis on today’s mid-morning move. I’m quite confident that our current trades put us in the best position to profit off the current market conditions, so maintain your current plays for more upside.

In terms of new trades, I’m not willing to issue anything at this time. We’re at a very critical and dangerous level, so let’s continue to be smart, nimble, and proactive. And together, we’ll get through it. We always do!

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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