Thursday, February 25, 2010

Great Buying Opportunity

Today is going to set up to be a beautiful buying opportunity with continued weakness to the close down to around 1080.  I still believe we'll get back to 1111 and probably to 1130 after that in the next few weeks.  I will be setting up for that next rally. 

9 comments:

Anonymous said...

I would agree. This view is inline with my post about the markets going up the first week of a new month.

Anonymous said...

Hahaha, mkt is trying to abuse me dude. Hahahaha

Anonymous said...

Long more MIPI @ 1.26

OD

teomax said...

it could be a good time to go long, but the BIG unknown is still Greece. until the things are solved there i think it takes a lot of risk to be long (despite i am long too, my portfolio is right now around 60% long - 40% short)

Market Owl said...

Yes, I agree that Europe and Greece will eventually get hit hard, I just don't think it will happen right away. Maybe in a few weeks after the markets go higher. I am less worried about Greece than I am about more bulls on the long side than a couple weeks ago.

nicasurfer said...

This is probably the bravest long move ever if you do it.

More power to you. I am staying short.

IC said...

I agree with nicasurfer.

Anonymous said...

I agree with OWL buy any dips. You'll be happy next week.

Anonymous said...

Yep, this is an awesome buying opportunity.