SPDR S&P 500 (SPY)

[youaretheone]

I would disagree with you there...although i see why you would want to buy a rising 20ma on the daily chart...

take a look at chart 3.8 here http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID26831&cmd=show[s176176445]&disp=O

and notice the stochastics...if we get a cross over here on the monthly, then we are going to have another tremendous leg up in the market...if that fits in your mid to longer term thinking of the market, then go and buy, but, i think we should be on a short the rally mode, instead of buy the dips mode...just my humble opinion...