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Re: Market on it's heels! Obama to speak at 1:00 

By: DueDillinger in CONSTITUTION | Recommend this post (2)
Mon, 08 Aug 11 10:05 PM | 29 view(s)
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Msg. 14294 of 21975
(This msg. is a reply to 14292 by lkorrow)

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The primary factor driving the market down is FEAR. What we're seeing now is a panic as investors' fear takes over and they scramble to save what they have gained. Of course the only way to do this is by selling, so the prices drive ever lower.

Volume spiked bigtime in the last half hour--a sign of capitulation and an indication of a possible reversal.

Remember that for every seller there is a buyer. Guess where the smart money is today. Right...selling gold and buying the market.

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The above is a reply to the following message:
Re: Market on it's heels! Obama to speak at 1:00
By: lkorrow
in CONSTITUTION
Mon, 08 Aug 11 9:56 PM
Msg. 14292 of 21975

Missed the speech, but when I looked before lunch it was recovering to the low-mid 200's. I see Obummer spoke and we're down 450. Too funny.

My only question is why's it down -- because of the debt downgrade or because Geitner's staying?


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