Comments on: Dip-Buyer Domination http://www.thestockbandit.net/2007/04/20/dip-buyer-domination/ Trading blog with trading insights, discussion on swing trading, day trading, and trading psychology. Fri, 21 Nov 2008 05:05:18 +0000 http://wordpress.org/?v=2.6.3 By: TheStockBandit http://www.thestockbandit.net/2007/04/20/dip-buyer-domination/#comment-6640 TheStockBandit Sat, 21 Apr 2007 02:33:21 +0000 http://www.thestockbandit.net/2007/04/20/dip-buyer-domination/#comment-6640 Andrew, It sure would make sense that it's getting tired and short-term extended, and clearly more people are buying stocks than puts! As I mentioned in the post, market's don't move in straight lines for very long, so having those puts for a hedge or just an outright position should be nice for you if we get a decent shakeout. Jeff Andrew,

It sure would make sense that it’s getting tired and short-term extended, and clearly more people are buying stocks than puts!

As I mentioned in the post, market’s don’t move in straight lines for very long, so having those puts for a hedge or just an outright position should be nice for you if we get a decent shakeout.

Jeff

]]> By: Andrew http://www.thestockbandit.net/2007/04/20/dip-buyer-domination/#comment-6607 Andrew Fri, 20 Apr 2007 23:52:10 +0000 http://www.thestockbandit.net/2007/04/20/dip-buyer-domination/#comment-6607 The more gaps you see in several weeks, the more likely it would be an exhaustion gap. We had 3 gaps including today's one in April. Now, SPY is in the top channel connecting Dec 06, Feb 07 highs. I can't wait buying May puts of QQQQ & SPY at the closing. Could I be wrong? Maybe. But I do believe this: This is not healthy. Healthy market doesn't go straight up, if it does, it will probably go straight down. The more gaps you see in several weeks, the more likely it would be an exhaustion gap. We had 3 gaps including today’s one in April. Now, SPY is in the top channel connecting Dec 06, Feb 07 highs.

I can’t wait buying May puts of QQQQ & SPY at the closing. Could I be wrong? Maybe. But I do believe this: This is not healthy. Healthy market doesn’t go straight up, if it does, it will probably go straight down.

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