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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?

To: pcyhuang who wrote (1387)7/26/2007 12:45:51 PM
From: Return to Sender  Respond to of 4080
 
What I mean is that on a number of occasions a lasting market bottom is not formed until the 5 and 10 day sma's on the CPC are as high as 1.20. We have not had more than a 10% correction in the S&P 500 since 2002. Despite all the pessimism we could get one because pessimism is not rampant yet.

If we do get rampant pessimism and a 10% plus correction I will be a buyer.

I'm looking at a lot of different stocks now.

RtS


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