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.
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.
I would sell it if it looks like we're going lower. Maybe we might go down 1 % today.
ReplyDeleteand maybe we will gap down on Monday like you 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.
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