are we back in a down trend?
In the last 2 weeks stocks lost between 20 to 30% of thier value in a continues down trend.
is the market back to a down trend behavior ? or it is only a minor correction to the gains we experienced in the last 3 months.
In my humble opinion the market will continue its slide before it runs up again, but it maybe time to start buying certain stocks that are hitting close to bottom : STP is under 10, DRYS is under 5, FSLR is under110, so some stocks start looking attractive again.
The market should continue to slide maybe under 10,000 soon , and even close to 9,000 before it makes its final run to over 12,000.
Watch for opportunities and be careful with your buying!