Reply #9: I have 1115-1150 as targeted low...however 1050 or even 950 is possible BUT we where there in '03 .. [View All]

[masmdu]

For my long term "investment" accounts, I would look to scale into long positions from these points...SSO (2xS&P) to sit on for a very long time.

However, getting there also provides opportunity and will be active in my "trading" account with SDS (2xInverse S&P) as well as Index futures.

Just because something is heading down doesn't mean a loss...it can just as easily be profit.

Having said all this...Well projected and broadly announced expectations for the markets rarely materialize...Crashes don't occur when everybody is expecting them...and often act a COUNTER trend indicators....that is to say with everybody scared of financial disaster it is the time to SCALE IN!

By the way, last time I made a similar comment was when everybody thought MeltDown in the markets (SP at 1255 at the time of my post) and I said buy here for run up...we did nearly 200 points from there...Somehow, I think very few listned...oh,well