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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (185946)10/11/2014 10:24:13 PM
From: Jacob Snyder  Respond to of 206110
 
As I said, I'm not in yet. If the S&P500 doesn't bounce right here at the 200dma, then a 10% correction is likely (down to 1800). Several 10% corrections during a bull market are usual. What is unusual, is that we haven't had a 10% correction since 2011.



To: Sun Tzu who wrote (185946)10/12/2014 11:24:20 AM
From: isopatch  Read Replies (2) | Respond to of 206110
 
<If you are in and you don't get a quick bounce, get out and wait.>

Agree. One other important detail - always - worth repeating:

Anyone who decides to pick an entry level to trade for, at least, a good bounce? Be sure to set strict mental stop loss levels and stick to them.

Iso


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