You are so right saying "the whole market has risen out of control beyond any pro's expectations, it was due for a correction.". Dow down 6.9% last night, Oil down 1.7%. Interesting times ahead.
I sold out almost everything except energy shares (BPT, SXY, WPL) a couple of weeks ago, and have had pain as the market powered ahead every day since. But I'm pretty sure it has been a relief rally with no substance. Now we will find out. But these things aren't easy. Even if I'm right, I still have to be right one more time for buying back in. If I miss that I've wasted my time and money.
But I won't miss out on SXY!
SXY Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
