This from this morning's ISA Navigator:
LowRisk reported 40% Bullish vs. 22% Bullish the previous week, and 38% Bearish vs. 50% Bearish the previous week. This is a big shift to Bullishness. Normally, it wouldn't be a huge concern, but it is such a shift over a period that included two ugly trading days. This implies that less sophisticated traders are buying the dip. That's what I was afraid of and it implies some pain ahead.
Dip Buying
Started by
OEXCHAOS
, Feb 13 2007 09:59 AM
1 reply to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 13 February 2007 - 09:59 AM
Mark S Young
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#2
dcengr
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Posted 13 February 2007 - 10:20 AM
Give em some time to load up. I was expecting this, as I posted 2 days ago.
Now going short Dow at 12630.
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