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.
Isn't 4,000 below 8,000?
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%