Tuesday, August 18, 2009

Buy the Dip or ready to Drip?

We find out how long this dip lasts very soon. Keep those stops tight. There haven't been too many dips on the is run up from March so watch for dip buyers. I'm still bear minded however.

3 comments:

  1. Hello Tenyear
    It has been brutal months for bears.Are you still short?SPY closed above 101 today.BTW,thanks for sharing your info with us.

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  2. I closed out my short near the close when I saw SPY over 101. I still think we are top heavy in this area but until Ben stops the printing presses in October, it is just too difficult to fight this rallly. Goldman must be right: $84 oil this year.

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