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SPDR S&P 500 ETF Trust Message Board

  • moneynow27 moneynow27 Jul 9, 2013 2:18 PM Flag

    IBM carries the heaviest weighting in the Dow, and IBM is down almost $4 today

    and yet the Dow is still up 90 points. In fact the Dow is up 458 points in just the past 4 days. There's no backing and filling, no consolidation, just short covering. Are the shorts and dip buyers this stupid?

    Don't envy me, just because I went short ISRG yesterday morning on a hunch....Talk about a home run...in fact I covered too soon.....But I'm short others that are in downtrends....This market really needs a 20% correction.

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