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I sense that bulls want to buy


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#1 dcengr

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Posted 02 February 2009 - 03:28 PM

So why not sell it to them at higher prices? They want to pay for it. Or do you bulls want a discount to buy it cheaper?
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#2 arak

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Posted 02 February 2009 - 04:29 PM

So why not sell it to them at higher prices? They want to pay for it.

Or do you bulls want a discount to buy it cheaper?

Now if only the bulls would like to buy it at 850 and higher it would make the job easy for me.

#3 pdx5

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Posted 02 February 2009 - 11:56 PM

My last buy was at near 800. The buy before that was a lucky one, right at the November low. I will put myself on alert to buy more if 750 is broken. Every long commitment is aprox 10% of my LT funds. So, I have 4 more potential buys coming. Also, I rarely transact more than once a month. That is based on Bob Brinkers advice to spread purchases over several months. It won't matter where SPX is in the next 4-6 months, I will be adding to longs, 10% at a time, in four installments spread over 4 to 6 months. Once my funds are fully invested, I will hibernate for 3 to 5 years before making selling decisions.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule