I would only be looking for a trade... buy and hold is dead, imo... gotta look at the markets in terms of days....
not feeling really good about my entry into Contra last Thurs. and Fri. I believe mid-March will provide a nice temp. bottom that should be playable before the 'waterfall' continues to flow.
If I'm lucky, I can get out of Contra at the end of MArch with a little 'gain'. I was looking for 10% or so, now, I'm not so sure.
I see a recovery sometime tomorrow, lasting a week or so, and then another strong sell-off to form a bottom that should last until sometime in the summer.
3800 just may get hit this year. I thought it wouldn't happen until 2010-2011, but now I'm thinking late this year.
