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Thursday, April 8, 2010

Buying the dip


Yesterday's late institutional buying action, was a forecast of today's action as well.
Lately, every time the market pulls back, it is met by buyers ready to take it back up, and that is one of the reasons there is no correction yet.
With any bad news the market pulls back, but there is no continuation as it bounces right back up, I don't know for how long it will keep doing it, but it is way overdue for a long awaited correction.
In the meantime, there is nothing else to do but to follow the trend up.

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