Dip buyers | stockbee

9/17/2007

Dip buyers

A bit of surprising action ahead of Fed meeting. No sign of dip buyers since early weak action. The selling has been mild so far, but the inability to mount a bounce looks a bit out of character for this market. The market so far has time and again rebounded from set backs and negative news. So may be dip buyers will show up later today.

3 comments:

Atanas said...

Are you bullish or bearish? Thx

Pradeep Bonde said...

As of today morning cominn in to today in smaller time frame, I was expecting correction as readings on stocks up 50% or more were approaching extreme levels.

Kevin Hsu said...

I think dip buyers are showing up. I see quite a few hammers forming. (At least from the stocks I am looking at)