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February 2007 Archives
I have been buying dips and selling rallies for many weeks. Not looking for a blowout move. Just normal trading of the market’s typical ebbs and flows.
But now today we have unusual downside momentum. One must wonder if there could be some hidden fundamental problem that is not yet known. If and when it makes headlines, we can buy on the news.
Best to keep a low profile until the current downside momentum dissipates, that is, until the current selling wave stalls out. Then and only then, there should be a great opportunity to buy the dip.
We bought the dip, then we gave it a little room to run.
I said that we had 3 days down, and perhaps we will get 3 days up.
Well, we got 'em.
This is no time to get greedy.
Now, it is time to ring the register and say, "Thank you very much."
Sell the rally.
Go home flat on Friday and enjoy your long 3-day Presidents' Day Weekend!
Life is good. Enjoy it while you can.
We bought the dip.
Now, today's market has upside momentum.
So, let's give it some room to run before we sell the rally.
We had 3 days down, perhaps we will get 3 days up.
Seasonal tendencies are no longer bullish, and there is a growing recognition that the stock market finally might be overbought.
Most of the time the market moves up AND down, rather than in a straight line up.
I am expecting more of a normal market ahead -- rather than a one way street up.
Continue to buy dips and sell rallies, and limit risk.
Copyright © 2007 TradingEducation.com, LLC. All rights reserved
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