Yesterday’s sell off left many bulls left scratching their heads. But the Dip mentality continues to be the favored investment approach for those who are on CNBC. Our approach is much different and it is not left up to guess where one should enter. The failure to hold the early morning futures bid is something to keep an eye on. In the short term we remain oversold, but we know we can remain oversold for a lot longer than you or I might expect. Follow your rules.
Here are some charts:
Just buy the dip?
And if you think we aren’t oversold?
THe market is getting a lift at the moment. We’ll let price along with our rules dictate our actions rather than relying on our emotions.
