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Is this the dip?
- Thread starter Pete1
- Start date
imported post
I have been thinking that also. Here is what my butt says when I talk through it:My observations are that when the beginning of the week is up, Fridays are down; however, the resistance line seems to becoming the new support line. Conclusion: 1120 is as low as $SPX (C fund) is going to get. 440 seems to be as low as $DWCP (S fund) is going to get. My whole premise is that this rally will hold and not collapse.
If you are in, stay in, since this is not a big enough dip to get out and back in. If you are not in as much as you would like to be, then now is the time to add to your position(s).
Oh, and the Advance/Decline line has finally gotten away from zero (even), it is 21.7 (of -100 to 100 scale) in favour of the bulls, it could be a good sign.
I have been thinking that also. Here is what my butt says when I talk through it:My observations are that when the beginning of the week is up, Fridays are down; however, the resistance line seems to becoming the new support line. Conclusion: 1120 is as low as $SPX (C fund) is going to get. 440 seems to be as low as $DWCP (S fund) is going to get. My whole premise is that this rally will hold and not collapse.
If you are in, stay in, since this is not a big enough dip to get out and back in. If you are not in as much as you would like to be, then now is the time to add to your position(s).
Oh, and the Advance/Decline line has finally gotten away from zero (even), it is 21.7 (of -100 to 100 scale) in favour of the bulls, it could be a good sign.
Lobo
Member
Ha! Cute one, Fab! I have a relative who works for _____, as a financial advisor, who last Christmas told me that this was an excellent time to buy with stocks at such a good price!! Buy...buy....buy, he said. Well, I was in stocks at the time, and trying to decide if I didn't need to get out for awhile. I did get all back into the G fund the 1st of January, instead of buy, buy, buy. Wow....now I'm very glad I did! Dip? Maybe a sinkhole would be more like it!!
Lobo
Frixxxx
Moderator
fabijo
Well-known member
Yes.
Lobo
Member
fabijo
Well-known member
That sure looks a heap better than the market right now.....makes my sorta hungry!!!
mmm........... munchies.....
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