[Always Right]

There is the view that stocks have another 500+ points to go before it bounces. I wouldn’t jump in the market with both feet right now, but it is a good time to start accumulating a position and watch where it goes. Buying on these dips is where the real money is made. The US economy with excellent growth, low inflation, and low unemployment is going fairly strong even with the drag on the economy from housing. The market will be above 14,000 soon, the question is will it go below 13,000 first.

[frithguild]

Never try to catch a falling knife. Wait for confirmation of a reversal.

http://www.marketmonograph.com/a/goodman/keyIndicators/pvCharting.asp

[BrooklynGOP]

There is the view that stocks have another 500+ points to go before it bounces.

The market will go down another 1,000 - 1,200 by the end of the year.