November 07, 2012
– Comments (5) |
RELATED TICKERS: FAS
DJIA is at 12,948.27 right now and if charts are correct the new support is now at 13,000 and anything under this point is a good buy in the nearterm.
Yup I added a few things to my portfolio today. Remember we still have Bernanke.
So you want to buy UNDER support?
Lol...... Valyoo is right........ that don't make any sense.
Just because new support is 13,000 for DJIA it does not mean it can't be broken and trade under it for a few days or weeks. Support just means that its the point where buyers will emerge at a certain point.
Market manipulation dissuades buyers from entering at supposed support levels. Each time the volatility complex is crushed to force a fake risk-on rally the buy-in level of smart money managers is lowered.