New Column up at Real Money (11/17/04)

RealMoney

My latest Street.com column, "Buy the Dips" is up at RM. It expands upon many of the ideas from earlier comments, Compare and Contrast.

Excerpt:

In sum, I am advising clients to use any pullback as an opportunity to add to long positions. Look for the Nasdaq to pull back toward 2040. I hope the S&P pulls back to 1150 (but since I suspect it won’t, I would start adding as the S&P approaches 1160). Perhaps the Dow pulls back to 10,350, but on the chance it doesn’t, use 10,425 to start scaling into that index."

Here are a few charts:


Dow’s downtrend broken

Picture_of_a_breakout_

Lower lows/lower highs turn into higher lows/higher highs

Higher_lows_higher_highs_

S&P goes positive, year to date

Sp_goes_positive_

Print Friendly, PDF & Email

Read this next.

Posted Under