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IBDvalueinvestin (99.68)

Should head into deep Green today

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1

October 04, 2010 – Comments (3)

The volume on the downside dip this morning is extremely light. That leads me to believe that selling is very light and bears are too afraid to short ahead of a Republican win in Nov.

So if you see volume picking up and stocks start to move up then you can bet the farm that buyers are coming in once again on weak dip this morning.

By the way Republicans are generally considered the rich folks so they usually buy stocks when they expect to win an election and always short when they expect to lose an election. Thats just what history has always shown prior to elections. 

3 Comments – Post Your Own

#1) On October 04, 2010 at 11:19 AM, IBDvalueinvestin (99.68) wrote:

Factory orders:

The market has rightfully digested this report with little excitement since it has not drastically altered prevailing perceptions of the manufacturing sector, which is seen as working its way through a period of slower growth, yet growth nonetheless. To that end, new orders for capital goods excluding aircraft were up 5.1% in August while shipments for capital goods excluding aircraft increased 1.7%. These components are both supportive for positive GDP growth in the third quarter.

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#2) On October 04, 2010 at 12:15 PM, ultrapaz (30.25) wrote:

NICE BLAG

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#3) On October 04, 2010 at 12:55 PM, davejh23 (< 20) wrote:

Volume doesn't look that light.  Just looking at SPY...we should close the day with above average volume.  Depending on volume in late trading, it could be the highest volume day in over a month.

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