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IBDvalueinvestin (99.68)

Wall Street at it again, Market Manipulation at its best.

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December 17, 2009 – Comments (1)

Issue a downgrade for Greece again on the Thursday on the last weekend before Christmas,.

Greece is a nation worth only 2% of the GDP of the European Union mind you.

But nontheless the downgrade did its job, it caused the dollar to strengthen against the EURO and stocks to drop worldwide.

DJIA is down -114 points

The mouse trap setup has been placed : Novice longs have been scared out while novice shorts have been convinced to enter.

We will found out if the Santa Claus mouse trap worked on Friday and Mon-Wed next week.

If stocks rally those days then the mouse trap worked like a charm.

1 Comments – Post Your Own

#1) On December 17, 2009 at 2:28 PM, leohaas (32.26) wrote:

Take advantage and buy! I had been waiting for VGZ to go down, and my limit order executed today. Sweet...

Disclosure: long VGZ at the time of writing (duh).

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