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IBDvalueinvestin (98.35)

I don't like this fade at the end of the day.



June 18, 2009 – Comments (3)

The nasdaq is barely up at 1.85 , the S&P is up only 8, and DJIA is now up only 66

This is after a nearly -350 point drop in last 5 days. Pretty weak rebound.

3 Comments – Post Your Own

#1) On June 18, 2009 at 3:39 PM, bigpeach (30.79) wrote:

I think you analyze the market a little too much IBD. Pondering over the whys of every intra-day up and down isn't all that useful. Try taking a step back, it's possible to over analyze something.

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#2) On June 18, 2009 at 3:54 PM, millionby24 (< 20) wrote:

u should like it, keeps the bears away, bulls in

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#3) On June 18, 2009 at 9:31 PM, checklist34 (98.39) wrote:

peach!  nice to see you back.

i think we may well head back to the 880 range... 

but i continue to think that a really severe dip is not at all even slightly likely, and I continue to think that if we hit 1000-1050 or certainly 1100 this year it might be considered a good exit point.

good luck

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