<img src="http://img60.imageshack.us/img60/4072/invertedsandpzy3.png"></img> *whistles* Odd how everything seems clearer upside-down...
I'm surprised you know what a blow-off top is after buying MOS at $150, GOOG at $700, AAPL at $200, POT at $235, MA at $300, RIMM at $140, and QQQQ at $55!!!
Yes it does, its a good buy signal. Cramer throwing in the towel is another buy signal. Its now safe to start buying and averaging down, You will get a price at least near the bottom. Just dont over leverage, in case of a 1930's style crash. Save enough to prevent a margin call. This is an awesome long term buy opportunity here.
Very nice... We are definitely in buy territory. Just that there might be even better buy down the road.
Dow 350 points off lows and surging just like August 16th 2007 consumer spending is still holding up. Wages rising. No negative GDP. this is why the economy is fundamentally strong and why the dow will see 14,000 next year.
Youre outta your mind, even though this is a good buying opportunity It will take much longer to recover to dow 14K
Nope nope nope. Dont start buying until the SPX gets under 900. Then and only then do you buy. Not yet.
Really no one knows from day to day what will happen. I think we get to 800 with a few rallies on the way down. Than I think we see a flat long few years of misery. But I don't trade on my opinions, or the opinions of others. I just try and watch the market and let it tell me what to do.