any info on market club

I no longer promote their services, but if you are a patient swing trader they have useful entry and exit advice.

I,ve read your articles on the PPT and they make sense, however with the market breaking below the November lows and BAC, C, WFC etc making new lows I,m beginning to doubt if the PPT really exists as you woud think by now they would have arranged a big rally to save the financials and avoid a panic crash.
The only reason I can think of for the absense of a PPT rally is that they may be waiting for more shorts so they have a very large group to panic into short-covering. Do you have any ideas why they haven't acted yet ?? Lindy

Hi Lindy,

We haven't had a panic crash though, we've had orderly selling. The PPT's job is to protect against systemic risk or shocks. Like digital runs on the banks. I've been expecting action from them these last two weeks and have been wrong. The CBOE Put/Call Ratio is near 1.0, which could be a factor: http://stockcharts.com/h-sc/ui?s=$CPC&p=D&b=5&g=0&id=p12737451478

Something else I noticed before the last push was massive volume on index ETFs a few days prior, but the indexes did not move an inch. That tells me there was massive capital moving in dark pools buying up those indexes. I'll do some more work on this and post my findings.

I think we will not see a PPT push until one of the major players like C/BAC/GM/Whatever are within a few hours of insolvency. However, every time the market makes a new low and the VIX is high the probability of a PPT Day goes up. Only the Fed Repo desk knows. The rest of us just have to wait and react.