Short Term Trading Member Forum

[Oddlot]

Egregious or not, buying dips in a grossly oversold mkt that is not in a downtrend has to be reasonable. It may not be profitable, fuel to stops or for other reasons, but it is what er are supposed to do. The MA216 is flat to uptrending, the last low was a nominal 72day low and did not break the prior 72day low, so being long is proper. The weakness in our analyses is the "short term" nature--the passage of a minor amount of time can change the expectation, and then the prior expectation is fulfilled.