Sometime this afternoon I was actually thinking that dip buyers may step up..
and they did, but their attempts were fruitless.
I never really buy the dip in any serious fashion, unless I bottom fish
(as example I almost bought LULU today, but it didn’t hit my buy target).
I do day-trade dips though (when I have a time).
Today was bears win, but does it mean we have a trend reversal?
Too early to tell, for now my Breaking Bad Top stays
and will be watching if market improves tomorrow,
after all moves down in bull market are normal unless they start to have continuous FTDs.
Pick of the day (for mature investor): SAM (I have a blog about it a couple of years back here).
This is a multi-year hold for me and tribute to my trading partner who is from Boston 🙂
Happy trading,
Mr.P
8 Responses to “March 18: Bears1/Bulls0”
flyaway18
Let me tell you, I remember when SAM was trading in the $20s during the initial days of the recession and wanted to buy. What a story and what a brew and what a town! You’re still the finest gentleman I’ve ever met 🙂
Mr. Partridge
I believe I am second in line lol
mad_scientist
FTDs?
Mr. Partridge
Follow through days… traders lingo for yah
Mr.Partridge
Finally we had one bearish FTD, one more and will be peachy 🙂
I am expecting my to crash this week, mini crash sorta..
Very nice day indeud.
Mr.Partridge
Pick of the day is still SAM.
Frog
You are on StockTwits?
Mr.Partridge
Yes – Partridge