time for me to short more..i'll get right on that whaaa uhh wake up call..the DOW is down 200+..when's last time you saw that?
Historically, this is a very normal pullback in bull market. Very often these are good buying opportunities. Then again, there are pullbacks like the one in late July of last year. It looked like a good trade. However, the market proceeded to drop for like 11 out of 12 days and went down just over 20%. Odds are on your side, but be prepared for the worst just in case...
agreed, we could pull back till friday end of week right/? personally, i await next trade..long or short makes no diff to me the bulls have had a nice run for last...
I just moved 50% of my 401k from cash to the S & P index. Nobody knows whether this is a good pullback, or the beginning of a sell off. Buy the dips. If we're wrong, oh well.
wow, that's ballsy.... At what price do you plan on selling and moving back to cash? Or when do you plan on selling and moving back to cash?
Hilarious how people wait until a big pullback, when if they would've just bought weeks ago without waiting, they would be way more in the money.
<strong>S&P500 weekly chart ~ Feb 18</strong> <strong><a href="http://stockmarket618.files.wordpress.com/2012/02/2012-02-18_sp500_wk3.png">THIS SHOULD BE THE SP500 TOP</a></strong>