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Re: Traderfan post# 788

Friday, 03/26/2010 7:56:03 PM

Friday, March 26, 2010 7:56:03 PM

Post# of 34471
Personally i don't think its that the shorts don't believe in the numbers the 10K will be out any day.I believe that there are complex computer trading programs and very savvy technical traders that screen for exactly the type of situations we had this week.A huge jump in share price in a single day with a massive influx of retail investment dollars.With just a few % points of decline they begin to shake the tree and most impulsive retail buyers of the week start to get nervious and sell.All it takes is a few % points move to shake the average joe.We had a massive gap up and hence the reason the technicians are so often right Gravity.Maybe i am a conspiracy theorist but this happens over and over.

Just my opinion

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