Friday, March 19, 2010

Buy This Dip

Healthcare bill is just another bad news item that needs to be bought.  I am playing the intraday swing today and gonna buy this dip and sell 30-60 minutes before the close.  I have seen this script way too many times.

2 comments:

Anonymous said...

I would sell it if it looks like we're going lower. Maybe we might go down 1 % today.

and maybe we will gap down on Monday like you said.

Market Owl said...

If we went down for no reason on no news, I would be scared to go long. But since there is the health care bill bad news looming, I believe we'll rebound later in the day when the doomsday crowd realizes we aren't going down much and cover before the weekend.