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Market Recap: My Warning At The Open Was Right On, IBM Also Get’s Hammered As I Warned

July 9, 2008 4:14 PM

dontstressfluffyduck.jpgI warned not long after the open that the “opening high was sold” and to be careful. I also mentioned that if we were going to get pressure, it would likely come late. Right on target - exactly. The attempt to take out the high failed, and down she goes.

In addition, IBM popped up early, reversed and plunged as I warned last night. I almost put last night that $124.50 area should be a tell. But I was not certain it would reverse there, I just thought it was “likely”. Today’s high was $124.50. I did not have a number, so that was coincidence, but I thought the high “could” come in that area.

Written by Tom@StockBlade.com · Filed Under IBM, Pre-Open 

Comments

One Response to “Market Recap: My Warning At The Open Was Right On, IBM Also Get’s Hammered As I Warned”

  1. brooke on July 17th, 2008 5:52 pm

    hey dad i was wondering why the mascot trading goal was a ferrari??

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