RealMoney

My latest Street.com column, "Buy the Dips" is up at RM. It expands upon many of the ideas from earlier comments, Compare and Contrast.

Excerpt:

In sum, I am advising clients to use any pullback as an opportunity to add to long positions. Look for the Nasdaq to pull back toward 2040. I hope the S&P pulls back to 1150 (but since I suspect it won’t, I would start adding as the S&P approaches 1160). Perhaps the Dow pulls back to 10,350, but on the chance it doesn’t, use 10,425 to start scaling into that index."

Here are a few charts:


Dow’s downtrend broken

Picture_of_a_breakout_

Lower lows/lower highs turn into higher lows/higher highs

Higher_lows_higher_highs_

S&P goes positive, year to date

Sp_goes_positive_

Category: Media

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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