montanamark: That would be a correct assumption and one way to capitalize on an over all market pullback. Another is to exit long positions and re-purchase at slightly lower levels.
Everyone has to assess his or her trading style and time frames. I like to trade the ripples, but I do so with a trend bias.
Regards,
LG
Disclaimer: The above is my opinion only and I reserve the right to be wrong. An overall market expectation is just that and should not be used in exclusion of the evaluation of individual equities or other investment instruments. Do not base any investment decision solely on any one person's views or analysis, especially an anonymous message board poster such as myself. Do your own research and take responsibility for your own investment decisions. And, always use stop loss points.
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