Wednesday, January 19, 2011
Don't Expect Much Downside
Today's pullback is a buying opportunity. No, I don't think we'll go back up to a constant uptrend, but we're probably mostly done on the downside. The dip buyers will be ready to buy tomorrow and are probably readying their shopping lists. We probably don't have much upside until we get past options expiration, then the call buying will refresh to another cycle and that will lift the markets.
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