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 695.49

+0.4%

Jan 27 4:00 PM EST

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To: GROUND ZERO™ who wrote (28396)	1/13/2012 4:04:30 PM
From: Jopps	Read Replies (3) of 222501

Unless we see a capitulation, I don't see that happening. Normally I would say don't buy into the negativity and fall into a bear trap, but the market is still very headline driven. However, the indices handled the deteriorating situation in Greece and the French/Italian downgrades pretty well today. A lot of pessimism is already baked into the price. The VIX rose today, but no sharp spikes. Volume is still low, retail investors largely staying clear of the market. Still a good time to buy in my opinion...that could change next week.

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