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S&P 500: 1,322.56 Change: +0.20%
chris1929
P&P Score: 99.89   Points: 437.34   Accuracy: 59.15%   Average Pick Score: 0.61   Annual Return: 21.50% (71.87% since 1/21/09)  

chris1929's Blog : Time for a correction

Date February 3, 2012    Comments Comments (4)    Rate this post Recommend This Post (20)   
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The January surge has been impressive but may have reached its end today for a week or so


So I have sold out of most of my USA stocks and waiting to buy at lower levels


 


 


 



4 Comment(s):

Author RobMarketsBlind     Date February 3, 2012 11:21 Abuse this post Report Abuse
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What if it doesn't drop to lower levels - that'l mean 'you missed the party' at the very first wave.
Author chris1929     Date February 3, 2012 11:34 Abuse this post Report Abuse
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S&P at 25% level compared to low in Oct 2011 - so high probability of a correction - but if it surges today and no reaction on Monday - I will buy in next week for the next wave
Author Burtman     Date February 4, 2012 20:08 Abuse this post Report Abuse
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I would wait until at least mid week on any buys. I see an intermediate top soon as well. Good Luck.
Author JaiH     Date February 5, 2012 06:51 Abuse this post Report Abuse
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Nobody can time these corrections, you are just wasting your time and money.
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