A Winning Streak About To End, By Law Of Pot Odds
Having a streak of 10 winners in a row is great and very rare, and you know it is about to end.
All traders roll the dice, but you do hope that your odds of winning is greater than Las Vagas. Buy the dip traders have had a great run between Nov 2012 to Dec 2013. Every dip brought yielded a winner!
Jan 1st is the start of the Yellen FED period and the interest rate market is waiting for direction, and this of course will effect stocks. Can 'buy the dip' work until May 2014. As May has been the month that ends trends many times since the stock market lows of 2009. Time will tell. Buy the dip until it does not work any more.
Buy the dip....
"Stock market technique is not an exact science. Stock (and commodities) prices are made by the minds of men (and women). Mechanical trading methods or mathematical formulas cannot compete with good human market judgment." ~ Richard D Wyckoff
"Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception" ~ George Soros