Monday, June 29, 2015

Cramer: Danger alert-don't buy on the market dip - Yahoo Finance

Cramer: Danger alert-don't buy on the market dip - Yahoo Finance



Jim Cramer has joined the bears over Greece and other problems in the world.  I agree with Jim 100% that you should not buy this dip.  The $NYMO indicator is only at -55 after a -350 down day on the Dow.  $NYMO will need to be probably be -80 or lower before it might be safe to buy the dip.  Then, even if you do buy stocks, it should only be a trade.  The Dow will probably be capped at around 18,000 for months to come.  That is where you should sell if you decide to buy any dips.

  

No comments:

Post a Comment