Not as aggressive as you but I am also accumulating longs.... stop at about 805 but I may keep on accumulating even lower. Also bot 3,000 UYG @ 3.70; will buy more at 3.50 OB
Long holders (like me) looking for light at the end of the tunnel -- this from another forum: There are not only trends but there is pressure that is applied to price by various influences. Right now looking at the markets it appears that a bear market rally is about to begin. With all the downside pressure being applied to price by news, price has been unable, up to this time, to breach or even approach the November lows. From what I have read there is huge short interest in many stocks that could create a temporary barn burner. This bear marekt is far from over, but bear market rallies take few prisoners. ""What will set it off? Expiration Friday? The inauguration? Some good news from congress? I have no idea, all I can see is that there is beginning to be a lot of stress in the markets.