Keeping the Streak Alive
So far in 2012 we have a perfect record of reversing the opening move. Today we opened higher despite poor unemployment and retail numbers and that was an invitation to sell. If we had opened weak, I'm sure the dip buyers would have already had us in the green.
It looks like traders are just being optimistic and trying to exploit a clear pattern rather than developing any big-picture views. Although we have been lingering near the highs for a while now, we haven't had strong buying other than the dip buying when we have opened weak....160 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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