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Strategies & Market Trends : Galapagos Islands
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To: Jorj X Mckie who wrote (56440)10/21/2008 12:21:33 PM
From: Jorj X Mckie  Read Replies (2) of 57110
 
so now that we are down -200 or so, everyone that bought recently is going to start panicking again and we are going to have another big down day (today or tomorrow), but I believe that we will see a higher low. Shaking out the weak hands here....

My philosophy for right now is to buy on the big down days.

I'd like to see a nice three box pullback on the Bullish Percentages so that the next bounce will give us a buy signal on the BPs.

I'm sticking with the "this is NOT the end of the world as we know it (and I feel fine)"
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