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IBDvalueinvestin (99.68)

1,300 S&P has to hold otherwise another leg down.

Recs

3

June 02, 2011 – Comments (1) | RELATED TICKERS: SPY , QQQQ , TECL

Many technicians on wall street have programmed their bot trading to sell if 1,300 on the S&P falls.

Therefore another leg down is very possible if that mark falls.

 

It will be tough for many to hold onto their long positions if that were to occur.

 

The Kirk Report: Weekend Chart Show: May 8, 2011File Format: PDF/Adobe Acrobat - Quick View
May 8, 2011 ... long as we stayed above S&P 1300 we would be in pretty good shape. .... breakouts must hold. - Better action within the stock screen machine ...
www.kirkreport.com/10/WCS_5_8_11.pdf

S&P 500 Hits 1300…Again | Momentum Stock Options Trading Alerts ...Feb 1, 2011 ... Egypt might be going for 1000000 but we are more concerned with 12000 and 1300. These are the numbers the Dow and S&P 500 are trying to ...
momentumoptionstrading.com/2011/02/.../sp-500-hits-1300…again/ - CachedDaily Stock Market News - The Number the Bulls Must Hold ...Mar 21, 2011 ... The Number the Bulls Must Hold. To have a chance of turning the market around, they need to hold S&P 1250 ... A strong close above 1300 would be encouraging, but the real number on which to focus is 1250, which must hold ...
www.investorplace.comMarket InsightMarket Outlook - CachedMarkets Lower For The Week, S&P 1300 Holds - BookingAlpha ...Mar 13, 2011 ... Markets Lower For The Week, S&P 1300 Holds 0 comments ... dynamics have shifted this week and as a result, our strategy must shift as well. ...
seekingalpha.com/.../147863-markets-lower-for-the-week-s-p-1300-holds

 

1 Comments – Post Your Own

#1) On June 03, 2011 at 9:06 AM, IBDvalueinvestin (99.68) wrote:

Well the jobs report was disgusting and now that 1,300 mark on S&P will fall which will trigger massive bot sell orders. Bots are computer triggered sell orders that were programmed in advance to be triggered if the market breaches to the downside of 1,300.

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