A Familiar S&P Call
The fourth quarter of last year was a nightmare for technical analysts trying to divine the next directional move of the S&P 500. The last three months of the year consisted of a plethora of failed moves, sucking traders into a series of breakouts that turned into fake outs.
The action over the past few months highlights the reason why a strategy of buying dips and selling rips has its advantages. That way, when the breakout fails, at least you didn't buy the highs....495 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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