MysteryTrader's Commentaries
Dec
21
2006
buying dips ought to work
by MysteryTrader
Overall Rating:
Thursday's price dip in the indexes on news (of manufacturing contraction, as shown by a decline in the Philadelphia Fed index) looks like a buying opportunity for a trade. Seasonal tendencies should be positive now, so buying dips ought to work. I will be selling rallies as well, since that is working just fine, thank you. Just trade the short swings. Don't even look for the big one.
Tags: economic-events
