I want the swift move down to the climactic selling and bottom to take place during the regular session. There are many stocks that are priced for 25 to 50 % move up on the bounce and I want to catch that move. That's all I want for the first half of 2009. Bounce from SPX 730 or lower will take it back to 900 or higher.
Most likely, Monday or Tuesday we see the bottom of this move down, and possibly the bottom of this bear market with a retest sometime in June/July if the economy does not STOP contracting.
The time to buy is when requems are being readied for the death of the markets, the economy, and Western civilization, and people are throwing themselves off the bridges and buildings. Seems to me markets have reached that stage or near it.
The ideal scenario would be SPX spiking down to 675 or lower, even as low as 650. I will buy, leveraged to the hilt at that point. But no can pick the bottom so I will start buying from SPX 730 and lower.
Most likely, Monday or Tuesday we see the bottom of this move down, and possibly the bottom of this bear market with a retest sometime in June/July if the economy does not STOP contracting.
The time to buy is when requems are being readied for the death of the markets, the economy, and Western civilization, and people are throwing themselves off the bridges and buildings. Seems to me markets have reached that stage or near it.
The ideal scenario would be SPX spiking down to 675 or lower, even as low as 650. I will buy, leveraged to the hilt at that point. But no can pick the bottom so I will start buying from SPX 730 and lower.
