Monday, December 10, 2007

DOW: Buy the Dips!

Looking at the DOW chart there are tow snippets that come to mind:

1. Buy on dips
2. When the sky is falling the market has a tendency to climb that wall of worry

The latest rally has climbed at a 73% angle, even stepper in the last few days. There will likely be a pull back this week, but when and how deep will only be told by the price action.

DOW Daily Chart:

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