Buying the Dow on Monday, does anyone think that it won't bounce?

Question

Buying the Dow on Monday, does anyone think that it won't bounce?

Answer 1

It would appear that Friday's drop was a little over done. But I learned a long time ago not to challenge short term investor sentiment. I only invest long term and don't know what will happen on Monday. But buying on Monday will obviously work better than buying on last Thursday.

Answer 2

Will a 7 come up on the next roll of the dice?  Sorry, that's my philosophy on the stock market on a day-to-day basis.  I am an investor not a trader so I wish you luck but anyones answer holds as much weight as the roll of the dice on a daily basis because your "bounce" may get flattened by a world crisis or someone's bad hair day or a thousand other unthought of reasons.

But good luck as a day trader.  I hope you are successful.

Answer 3

I have my doubts.  Sort of depends on what oil does Monday, I think.  If oil goes up, the Dow might be under selling pressure.  Notice on Friday that the oil stocks dropped even though oil rose.  The other strike against the Dow is that it is crammed full of financials.