Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: GROUND ZERO™ who wrote (11236)	10/13/2010 12:25:27 PM
From: TraderMann	1 Recommendation Read Replies (1) of 220480

Well I do not have anything to say about electric cars, solar energy, wireless, etc, BUT I would like to say something about the Stock Market. Is that OK with everyone? :) I sold all my longs this morning when SP spiked up. I feel we are very close to a very short term pullback, maybe to around 1160-1150 to retest that 1150 where it broke out and had much trouble getting above for a couple of weeks. Saying this I believe that the mentality on the street now is buy dips. I am looking for a pullback, but "buying the dips" may prevent it from retesting the 1150 area, and pulling back as a healthy market should. Sorry, I did not mean to interrupt the conversation at hand! :)

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