In response to all the readers who asked:

Is it safe

I’m still waiting for the Nasdaq 1975 or so I mentioned last week prior to getting very aggressive. The Dow and SPX hit my targets, and in my mind that is suggesting we are getting much closer.

I made the first of my selective buys today (previously mentioned), and will continue to scale in as we slide further. Note that this is a very different style then playing a trend or a breakout.

If the SPX makes a newer low and then reverses back over 1975, I would take that as a very Bullish sign.

To reiterate what I told several emailers, scaling in is very different than ‘doubling down.’ Please make sure you understand the difference!

Category: Investing, Markets

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Getting closer”

  1. Chris says:

    Um, isn’t the point where the evil dentist started asking “is it safe?” the point where he started dishing out the pain?

    Just asking…

    :-)