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IBDvalueinvestin (99.67)

Computer Programs have been set to trigger buys at DJIA 8,000 or below.

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January 22, 2009 – Comments (2)

Thats the reason you see massive buying whenever that occurs. As the market moves higher, the program buy points will move higher as well.

2 Comments – Post Your Own

#1) On January 22, 2009 at 4:38 PM, StKitt (29.85) wrote:

Isn't 4,000 below 8,000?

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#2) On January 22, 2009 at 4:44 PM, DemonDoug (73.55) wrote:

Q: what happens when the funds that have those automatic programs run out of money?

A: Support at 8,000 gets taken out.

post-script: Rut-roh shaggy!

non-rhetorical question: are you the same guy as eps100momentum?  Or are you a different permabull cnbc loving stock pumper fanboy?

1/21: IBDvalueinvestin says: Bank stocks could spike again Thursday

1/22: XLF down 6.69%

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