Make no mistakes about it, we are in btfd land or in laymens terms BUY THE DIPS! when or if they come.
What is interesting about the market in 2013 is that we have been travelling upwards at an exponential rate. Just look at the chart below. People can cuss, people can post news stories about a crash coming in 2013, and other prophecies and pundits are predicting horrible market sell off in the coming weeks.
What we need to do as traders is forget all the crappy market noise out there, and sit down and put on some relaxing music and just look at the S&P daily chart. It is very telling. I just had to share with our readers.
When you sitting there in your relaxed state, you can see that the market is quite strong, even though the last week or so, has not been a good time on the market.
Without reading any news, or predicting anything, you can that since the 1st Of January this year, we can conclude the smart money is BUYING UP THESE DIPS! (Circled below)
btfd has been the favorite action to take in 2013.
The dips seem to occur every few months as well. I find that very intriguing myself, and here we are yet again seeing another dip.
Again, I am not making any predictions, but this chart is quite interesting. Do I think this is just another dip before a massive run up? Well it could be? time will tell, but one thing is clear at the moment, and that is th charts are repetitious at the moment, and I think there is power in that for now.
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