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Tuesday, September 15, 2009





Well after reviewing just on a preliminary basis and as well as reading one of the COT gurus takes on the new COT report, my preliminary conclusion is that the game is being rigged further. They are keeping some things the same but the added items are the ones that concern me.



If you think about the 2008 Crude runup and how that was perpetuated by the CFTC and their mis-classifying CIT funds as commercials, basically allowing speculators unlimited position sizes. Then combine that with that idiot or liar depending on how you look at it, Gensler who feigned outrage and vowed action. You have to conclude that this whole thing is just one rigged outcome.



It appears to me now that in the new report, the PPT may now be allowed hedgers position sizes and also have it be obscured to the point where we will not know, it makes me think that any meaningful decline could be off the board for quite some time. This is going to allow them to basically permanently rig the uptrend if I am right about this. I still need to read the other gurus review of this to see if he has different insights, but that is my preliminary take on this.



In the face of a record number of lies being told by the new administration, is the greatest one of all, the pledge for more transparency. This could not be more opposite of that. If I was not actually living through this period in politics I would simply never have believed this type of thing could occur in the US.



It appears to me that what has been decided behind closed doors is that they government is going to take over the stock market and make sure it does not go down. The reality of it is, this benefits alot of people but what I think will happen is that it will stay flat. In most socialist historical examples, things just kind of stay the same, the big swings are taken out. So, they are taking out the downside, but also likely the upside.



I will come back with more once I have reviewed this further.

4 comments:

Saoirse said...

I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


Patricia

http://forextradin-g.net

Chris Johnston said...

Thanks for the nice words, I hope my preliminary view on this is wrong. It will take some time to watch a few of these reports to make a final determination on this.

Brian said...

Would be very interested in the details of this and if possible a primer on how the ppt operates (from you or a link you recommend). I was always skeptical (naive) about the ppt, until this last year. I'm taken aback by some of the stick saves, and it appears to have a self-fulling effect in training the masses to "buy the dips" (I know I hedge short positions or leverage longs on low volume down days, especially after 2:30).

Chris Johnston said...

just google plunge protection team you will find plenty. I am being careful here so Barry's goons don't target me. As we
are seeing they don't like dissenters