The next time you buy the dip, don’t just focus on support levels. This month, you’ve probably seen me mention the words ‘trendline’ and ‘support level’ several times. These are technical terms, but at their core, they reflect human nature and the game of psychology. Now that so many people are watching them, they might lose effectiveness for a while overall. As for individual cases, it’s hard to say—for example, some individual assets slide straight down the right side of the Christmas tree (especially those pumped by calls), while others find support in batches along the way.