Discuss Market Comments 03/15/11

24/7 news keeping fear high - After stocks in Tokyo were down 6% on Monday, U.S. stocks opened sharply lower, and despite a nice late day rally, we still saw losses across the board...

Market Commentary for 3/15/11

Current Daily Market Commentary

 

[Cactus]

<QUOTE>
we may have to move from a 'buy the dips' mind-set, to a 'sell the rallies' mind-set.
<QUOTE>

NOOB Question. Please help me understand the difference here.

I understand the 'buy the dips' mind-set to mean you stay out of the market till you see a dip, buy in, then sell in a few days after it goes up a targeted amount. I guess folks here call that Hit & Run or Flex trading.

I understand the 'sell the rallies' mind-set to only effect people currently in the market. If you're in, sell on a day when it rallies, then stay out. Not too clear on this last one.

Do we have a FAQ page somewhere that explains these terms to noobs?

 

[tsptalk]

Hi Cactus. I'm not sure what your question is exactly. You said you understand 'buy the dips' and you understand 'sell the rallies'. What did you want to know? Thanks!

We don't have a financial term FAQ but on the commentary page we have a link to yahoo's financial glossary. (www.tsptalk.com/comments.html)

Yahoo!http://finance.yahoo.com/?uFinancial Glossary - A B C D E F G H I J K L M N O P Q R S T U V W X Y Zhttp://finance.yahoo.com/?uhttp://finance.yahoo.com/?u

 

[Cactus]

Yeah, that's me. I don't know enough to even ask the question right. I'll check out the Yahoo glossary. Thanks