july pivots, page-61

Hotfire

Excellent response.

Save those chestnuts, which may be needed to dig yourself out of a hole again.

We need a major period of selling to take the market to a solid bottom, before I am willing to add to my holdings. The minerals sector is just getting killed, way more than the general market - especially the goldies. Today was unbelievably bad.

I am going to be very patient. Catching falling knives is very painful.

Like you I am 50% invested, but I now wish I had sold all in March.

QE3 could be months away, Europe is in trouble and China has its problems. Why take unnecessary risks - what is the upside?

Good luck.

loki