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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 385.42-0.3%Dec 8 4:00 PM EST

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To: TobagoJack who wrote (83325)11/17/2011 1:40:04 PM
From: 2MAR$  Read Replies (1) of 218262
 
Have been shorting IBM 4 days running at $190 resisitance pivot , now earning's season is over now & Euro looks like its in recession or close enough to leave them with little drivers but a mild Xmas rally and we have debt deadline upcoming too so they were left with not much to keep up the pump . They used this 2nd push up on the SP to unload their positions from the last big sell-off ...like last July earnings season .

That IBM wall at $190 was "telling" ...was too easy a trade but was loving the pullbacks 4days running and today was another big payoff .

Sure hope those big traders buying 25k & 30K blocks last 4days on IBM above $186 are feeling good now , lol...i could care less what they thought they were doing or that Buffet had bought in, it wasnt going a penny higher than $190 , not this week in any case .

Big Blue "$190" was a wall

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