Thursday, January 13, 2011

Dip Buying Pays Again

We dipped down to 1276.25 and now we're trading 1281 just 30 minutes later.  That's almost 5 points in less than 30 minutes.  The dipsters prevailed again.  The trend is so strong, with so few pullbacks, it reminds me of the late 2006-early 2007 rally. I am waiting patiently for the market to get so overextended that it begs to get shorted.  Probably at 1295 to 1300.  Until then, I just watch. 

1 comment:

nicasurfer said...

Man you got some patience. I truly admire that. Good job,