On the CSG BB I posted on Mar 06, 09 09:56AM

120+ point up before the 1st 1/2 hour is over ... if it fizzles today ... look for some more sharp declines next week ... otherwise may have a bit of a consolidation period.

A liitle before 3:30 the DJ was a chunk under 6500 ... and what followed seemed a bit fishy to me ... a rally of 100 + points in about 15 minutes ... a 50 point pullback followed by a near 100 point rally in the last 15 minutes to finish up 32.5 .

Looking at the 2 day chart shows the drop from Weds close was a near straight line (with the usual static) going from 6800 - 6500 except for the Friday morning bounce and the friday afternoon rally.

Does this seem like the work of the PPT to anyone but me?

I wouldn't read too much into that - the PPT usually operates in the overnight futures. If they want to move the market up, they buy heavily in the S&P500 since most trading programs key off that. At least that's how I understand it.

I suspect what you saw was normal Friday short covering at the end of a down week. No one wants to be caught on the wrong side of Monday's open is my guess, since any attempt to rally the market will probably start there. Just my own wild imagination at work here though - don't take it as any kind of expertise...heh.

ebear