Dip-Buyers Likely to Stay Active By Rev Shark About this article: As the lunch hour winds down, the trading is very sloppy. The U-turn this morning on the reversal in the dollar is creating some profit-taking pressure, but no one seems to be too anxious to battle the upside momentum. We still have very positive breadth, and if the dollar doesn't jump again, the dip-buyers are likely to stay active. I am not at all opposed to doing some buying, but I continue to have great difficulty finding chart patterns that I like. I still see far more that look like potential shorts than good longs at this point. What has been particularly difficult lately is that we are not seeing any strong pockets of momentum. Throughout the summer, we had a variety of groups such as small-cap China names, bulk shippers, low-priced biotechs, agriculture and solar energy that would provide some very energetic trading action. The... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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