Buy the dip on strong support people! I think 1350 is strong support. I am accumulating longs currently.
I think it's a bad idea.... almost everyone is long at this point!!! Market goes down, longs in pain, longs must sell, more market going down!
According this YouTube video (that someone else posted earlier) you should always buy the dip - it doesn't matter the reason for the dip, just buy it: http://www.youtube.com/watch?v=jllJ-HeErjU