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IBDvalueinvestin (99.66)

Don't be surprised if we give up most of the gains

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2

May 21, 2012 – Comments (4) | RELATED TICKERS: DIA , QQQ , SPY

today, because the market was not oversold to go up triple digits today. The market was selling off on an overbought condition and after today it should restart the downward trend. Nothing has changed between Friday and Monday.

4 Comments – Post Your Own

#1) On May 21, 2012 at 1:25 PM, edwjm (99.87) wrote:

Nothing has changed ... especially not our politicians!

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#2) On May 21, 2012 at 3:23 PM, leohaas (32.07) wrote:

Stop using these kind of snake-oil salesman lines.

If a sell-off occurs, you can say: "See, I told you so!"

If a sell-off does not occur, you can say: "I never said that it would occur, only that it might."

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#3) On May 21, 2012 at 3:27 PM, L0RDZ (83.74) wrote:

I think the gains will only increase.

I could be a  d i ck  and call it a dead cat bounce,  but I won't

I think  the market has been oversold  these past  10 plus days,  and the correction is for it to be up.

 

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#4) On May 21, 2012 at 3:41 PM, ETFsRule (99.94) wrote:

lol, good point leohaas. It's easy to say that anything might happen.

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