buy friday am sell pm or monday late noon
It’s just a hunch.
Usually the market is lower anticipating bad news then it is getting the bad news.
If the earnings are down 38% on half the dow components in q4 '08 then gradually improving in Q1 and Q2 '09, 15pe would put the market at 9200.
Since the market almost hit 9200 a week ago it had no were to go. It should be 10% below 9200 or about 8200. At 8739 it is 5% below the 9200 and seems to be good enough for many investors.
If the market goes in the 8500's I’d buy some. If it goes below 8200 I’d buy more. If it goes to 7400 I’d go all in. But with optimism for the stimulus plan I don’t see it going below the high 8500 mid 8600 right now.