Monday may not be a pretty sight on Wall Street for the Bulls...Futures as of 01:50a- DJIA INDEX: (-231.00) - NIKKEI 225: (-160.00) - HANG SENG: (-601.00)I moved most everything into cash and Stable Value Funds for time being...I do hold a small position in ERY and I hold DELL but nothing more for now. I will look to re-enter ERX in the 40s (possibly 30s..?)Be patient, keep a close eye on the technicals and you will get an opportunity to buy most anything out there at very attractive prices..I'm watching ERX, XOM, AAPL, MOS...What's everyone doing for next week?GLTA, Pengo
i have bad news for ya , you wont see 30,s on ERX , low 40 max
of course you can , just watch oil price , if 70s , erx WILL see 20s
The decline in crude is the indicator I would follow since it tracks economic expectations. Its down quite a bit today, which suggests stocks have a bit more to go as well.
I'm a bag holder of ERX at 56 (1/4 position)Holding the rest of cash for now to see how it goes.Perhaps we'll see low 40's later, then I'll have another BUY.
I'm 100% cash, watching for now. I'm anticipating ERX to go down another level and then become a buy, perhaps by friday or early next week.