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Stock Market Indicators, Index Trading

Quick Late Trade Reminder…

“Buy the dips, sell the rips.” - Jeff Macke, the least annoying bald asshole on TV.

This is the mantra now, not unlike “asshole dip buyer” was in times past. Sound advice.

I thought that was worth reminding people about up triple digis today.

We are approaching what looks like considerable resistance viz., the chart below.

5 Responses to “Quick Late Trade Reminder…”

  1. Woodshedder Says:

    Volume sucks today.

  2. DPeezy Says:

    “dikshonary”
    That cracked me up for some reason. Easily amused, I am.

    Yeah, volume was pretty bad…out of my 12 positions, only 1 had above average volume: CCC barely up by just 7%.

  3. Danny Says:

    you own ol calgon? that thing’s been on a tear

  4. DPeezy Says:

    Bought some calls Monday morning after it broke through $17.
    And as long as it keeps breaking to new highs, I’ll keep it.

    Plus, when I was growing up over on the other side of the pond, there were these ads on TV for a ‘Calgon’ product, which protected your washing machine from limescale buildup. It had a very catchy jingle, which haunts me to this day.

    ‘oh nein’: http://www.youtube.com/watch?v=KNmzpOlacZY

  5. Closing Comments: President’s Weekend | Stock Picks and Discussion at iBankCoin.com Says:

    [...] trendlines though it is certainly a nice coincidence that breadth is in the sell zone and we are approaching [...]

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