Buying Dips, But Still Shorting Rips

That’s my story and I’m sticking to it. We all know nothing goes strait down, so we would be crazy not to take advantage of over sold opportunities to get long. The charts are showing me nothing but great short side opportunities and nothing that appealing from the long side.

The HPQ chart was looking “iffy” at best, even before last nights earnings disappointment ( think DELL) and APC looks like a beautiful short under about $34.70.

Good luck today, I’ll be on twitter calling them like I see them.