Finally a buyable pullback.

Quote from highballs:

time for me to short more..i'll get right on that whaaa :)

uhh wake up call..the DOW is down 200+..when's last time you saw that?
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Historically, this is a very normal pullback in bull market. Very often these are good buying opportunities.

Then again, there are pullbacks like the one in late July of last year. It looked like a good trade. However, the market proceeded to drop for like 11 out of 12 days and went down just over 20%.

Odds are on your side, but be prepared for the worst just in case...
 
Quote from MKTrader:

Historically, this is a very normal pullback in bull market. Very often these are good buying opportunities.

Then again, there are pullbacks like the one in late July of last year. It looked like a good trade. However, the market proceeded to drop for like 11 out of 12 days and went down just over 20%.

Odds are on your side, but be prepared for the worst just in case...
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agreed, we could pull back till friday end of week right/?

personally, i await next trade..long or short makes no diff to me

the bulls have had a nice run for last...
 
I just moved 50% of my 401k from cash to the S & P index. Nobody knows whether this is a good pullback, or the beginning of a sell off. Buy the dips. If we're wrong, oh well.
 
Quote from wiesman02:

I just moved 50% of my 401k from cash to the S & P index. Nobody knows whether this is a good pullback, or the beginning of a sell off. Buy the dips. If we're wrong, oh well.
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wow, that's ballsy....

At what price do you plan on selling and moving back to cash?

Or when do you plan on selling and moving back to cash?
 
Quote from wiesman02:

I just moved 50% of my 401k from cash to the S & P index. Nobody knows whether this is a good pullback, or the beginning of a sell off. Buy the dips. If we're wrong, oh well.
More...
Is this real or are you just trolling?
 
Hilarious how people wait until a big pullback, when if they would've just bought weeks ago without waiting, they would be way more in the money.
 
<strong>S&P500 weekly chart ~ Feb 18</strong>
<strong><a href="http://stockmarket618.files.wordpress.com/2012/02/2012-02-18_sp500_wk3.png">THIS SHOULD BE THE SP500 TOP</a></strong>
 
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