10/12 Market Preview: One more attempt to Ramp It

By John Galt October 12, 2011 – 05:30 ET The rally monkeys have their backs against the wall after yesterday’s epic failure to breach the 1200 mark so today is do or die time. I would not be shocked to see the PPT pull out all the stops to attempt a squeeze move against the shorts remaining in the financial stocks and European sectors as this truly is a desperation period between now and Friday. Futures are up this morning but the rubber meets the road at 3 p.m today as…

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