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S&P 500
5,487.03
(
0.25%
)
US TECH 100
19,426.40
(
0.12%
)
Dow Jones
38,834.86
(
0.15%
)
Brent Oil
84.86
(
0.08%
)
Bitcoin
65,067.22
(
-0.11%
)
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PowerPole

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PowerPole

Re: edgyman22 post# 260

Monday, 10/10/2005 11:44:54 AM

Monday, October 10, 2005 11:44:54 AM

Post# of 1311
It's called a "gap and trap"...

It gapped up a lot at the open, and a lot of short term traders took some profits, while some new money came in, and when that volume slacked off, it started to fall and some of that new money sold out because it didn't continue up...

A big gap up like it did this morning almost always gets filled, so it may have to go back to .10 or so before it can move up again...

It may also be a case of "buy the rumor, sell the news..."




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