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


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


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


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


S&P goes positive, year to date


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