That Fading Feeling

The dip-buyers apparently have gone to the beach, and the question is whether they may return before the close. So far we have some standard "disappearing bid" action where we drip lower on sedate volume as market players stand aside and do little.

So far this year, the bears have been totally incapable of building on this sort of action. Typically, when it looks like we are on the verge of a breakdown, we will bounce right back and act as if nothing happened. Since that has worked so well for so long, it is somewhat of a self-fulfilling prophecy, but if you use ordinary prudence, you can't help but increase your defenses when we have dreary action like we have had so far today....145 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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