Like everyone else, I am waiting for the pullback to buy. This will make the pullbacks very shallow for the next several weeks. After we've had a few shallow pullbacks, the market will be softened up for the big whack lower. That shouldn't happen for some time now because we still have a bunch of sideline money waiting to buy on a dip. Europe is going to get papered over by the ECB and that only leaves China as the catalyst for a big drop this year. I expect that to happen within 6 months as the Chinese real estate bubble implosion takes down the economy with it.
For now, there isn't much to do but wait for the pullback to buy. Even if you buy early, the buy side is always more forgiving, it ALWAYS goes back up. But no guarantee that it goes back down if you sell early (just ask the shorters last fall in the 1100s and 1200s.).
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Just ask anyone in Japan for last 22 years it always go down, 2000 still the high
I agree owl. What size pullbacks do you see? 1%? or 3-4% before you get in.
we just hit the exact spot as yesterday before the end of the day rally...1341 and again we seem to be bouncing? we shall see where we close.
Heavy volume reversal on Apple give it a til tuesday of pulling back
U.S. is totally different situation than Japan. Japan has always maintained a huge trade surplus, slow money supply growth, and zero population growth. U.S. has the fastest growing population among developed countries, huge trade deficit, and high money supply growth. I don't see the similarities at all.
We are heading to 1250 over the next 6 weeks
very light volume...
too close now...
we're just too close to pullback now.
dow to 13,000
s&p to 1400
naz to 3000.
Even if you buy early, the buy side is always more forgiving,...
Very, very true -- in my experience. Much more dangerous to be short, in general.
...it ALWAYS goes back up.
Less sure of this part -- e.g. people who bought CSCO in the 60s back in the dot com boom are still waiting for it to crack 35. But recently for the market in general you just have to wait and sell calls while you're waiting...Which is why I generally prefer to trade ETFs today, less often individual stocks.
this is trend bias. when the market is falling endlessly ie in bear markets, it's "easier' cos ur just wiped out on margin in 2 days, a quick and easy death
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