'Buying the Dips' Keeps the Mania Going
Here is a graphical picture of buy-the-dips mania operating at full strength:
As you can see, selloffs have been unable to decisively penetrate the Hidden Pivot midline (p). It lies at 6017, a number that twice reversed hard selling in the E-Mini S&Ps. The good news is that we can buy at 'p' ourselves for almost certain gains.