history repeats chart, page-42

Hi all
some top quality summaries here today
where are Lapdog and Mon? gone south like the market is heading. I am at the beach with the kids but anxiously watching and waiting for next week.
we all seem to agree that a mini bounce next week and then either builds up slowly or a massive massive crash.
seems like a no brainer as to safest strategy to follow
need to preserve capital to buy in if it does drop big time.
if, everyone is wrong, and market does rise, then I expect so many pullbacks on the way up that I will have a chance to get back in.
in meantime this volatility is fantastic for day trading.
if there is a massive crash I expect a massive bounce up for BHP. that is one ride not to miss.
in the meantime have to consider upside versus risk of downside.
hope everyone is wrong but this market is now on verge of panic selloffs due to oil price.
give it a few weeks and review it. as the olympics approach then sentiment will improve and hopefully return to fundamentals. also once RIO uncertainty is resolved then massive upside.
I want to keep my powder dry to expand my holdings in BHP but on a run up and not when real risk of panic selling.
still at these prices cant go too far wrong as long as no leverage. otherwise use trailing stops.