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Buy the Dip Mode

Posted on April 20, 2009 by Adam

Hey Traders,

I’m in buy the dip mode. I’m looking to add some longs if we hold here near S&P 850. However, I’m watching carefully to see if we hold this support level, because if it breaks, we could be headed for a more sustained downward movement.

I am looking to get long if we can hold this trendline support in the market. If we break below, look for a more sustained pullback. If we hold here, we might be able to take out the highs!