buying this dip?

Discussion in 'Trading' started by bluud, Oct 22, 2007.

  1. bluud

    bluud

    Anyone buying this dip?
     
  2. bluud

    bluud

    Markets are already heading back up
     
  3. I just bought some Mini s&p500 at around 1498. An intraday trade.
     
  4. I am notorious dip buyers in aftermarket and premarket. However, I do not see positive signs until yet. I am waiting, shorting looks to me dangerous as well. I expect that market will slide as minimum in first hours of trading. I will start buing just if there will be clear signs of rebound /I know that part of profit will leave on table/.
     
  5. Europe down only slightly. Oil dropping. USD rising. Futures rising.

    Maybe a little lower on opening followed by a small rally. Or quiet opening, upward drift.
     
  6. Buying this dip for long-term investments? Yes, I'm grabbing a few stocks that I had eyed for a while. But I'm cautious as everyone. I don't like to accumulate already with a market down just few percentage points.
     
  7. Every past indication would lead us to believe that buying this dip is a smart move.
     
  8. Already had a buy signal at 787.10 on the ER2 last night at 22:18 cst..still holding some runners..nice move so far.
     
  9. S2007S

    S2007S

    sold out of some inverse funds this morning.


    Added a little bit to the long side with QLD and DDM

    Sold some TWM and SMN...



    :D
     
  10. Out at 797.10 for 10.0 points..flat and time for scalping the rest of the day.
     
    #10     Oct 22, 2007