Quite the opposite. Sorry that my post wasn't clear. I'm expecting the market to run to 8,500 before it corrects. My buying point will be on major down days which I expect very soon. My intention is to make quick trades in & out. I am not a technician, but never the less, I expect some 250-500 point days on the downside, and the reverse on the upside of 200-300.
This is my best guess, I just think it is foolish at this point to be fully invested. I realize there is still a fair amount of cash on the sideline waiting to buy, but when that passes, look out below.
Who knows, maybe I'm all wet, but I have to trade as I see it. Drug stocks are way ahead of themselves on speculation of further consolidation, MSFT, KO & many others trading at ridiculous valuations.
My major point is, there is more potential for major moves down than up at this stage.
See ya! |
