Thursday, November 11, 2010

Intraday Dip Buying

It is two days in a row that buying the dip intraday worked out and you made good gains intraday.  Usually when you get these dips intraday and a bounce to close strong, its not necessarily a sign of strength.  I do believe we will have a positive Friday and a small gap up for Monday so I want to wait till then to get short.  I still don't want to chase the short side when we've had such a strong uptrend, even though I do feel like we have topped out for the month.

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