Wednesday, January 27, 2010

No Chasing

I think we keep going higher and finish near the highs but I don't want to chase because I don't have a ton of confidence chasing rallies in this market.  If it falls back down to 1080, I will welcome it as a buying opportunity.  Otherwise I will just watch.

3 comments:

Petsamo said...

I hope we go back to S&P 1150. Then, I sell.

Anonymous said...

I decided I'm no longer going to play bounces anymore till the market gets considerably flushed down.

Hopefully we get another 1 to 2 % push on the market and I exit all of my longs.

From thereon, I am going to short pumps and dumps till the mkt gets flushed down to around 1000 or so.

We're in a bear market no doubt.

Anonymous said...

I think we'll be lucky if we get to 1120 imo. Of course once we get that high, we'll have to go to close to 1140 to flush out the people who get short there. Ha