Dow closing in on 11K -what did you do?

[Back Beach]

Originally Posted by GattaFish

I just know going to all cash in my 401k and mutual funds in the first week of Oct 2007 (thank god for the internet) when I was looking at the charting and then buying when the dow dropped below 8000 was the smartest thing I did,,,,,, I am no genius but tried to use a little common sense...

I do somewhat believe in charting and volume. Consider this:

I've been reading Investors Business Daily for close to 10 years and they nailed both the internet bubble top as well as the housing bubble top. Only thing they can't tell you is how deep the correction will be, but following it has saved me from some huge losses...sometimes not losing all your money is as good as a gain.

[GattaFish]

Originally Posted by Back Beach

I do somewhat believe in charting and volume. Consider this:

I've been reading Investors Business Daily for close to 10 years and they nailed both the internet bubble top as well as the housing bubble top. Only thing they can't tell you is how deep the correction will be, but following it has saved me from some huge losses...sometimes not losing all your money is as good as a gain.

I agree... and no one can time the market perfectly. I just remember seeing all the long and short term indicators pointing to an overbought market and I am not stock genius.

So I decided that if I was wrong that there would be an opportunity for me to buy back in on a dip somewhere and it would be ok,, I was just not going to be greedy... I was lucky,,,

It is tough to tell right now since the market is trending higher,,, But it has been on lower volume and that could be tricky,,,and possibly lead to a correction... Just my opinion and I don't know sheeeet,,,There are some guys here a lot smarter than me,,,