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