Of course, the market is now at 1292, a couple of percent higher than when that call came in at the end of June. So this is what happens. If that individual would have sold out at 1270 at that time, he would be faced now with either sitting it out or re-entering at a higher level.
|S&P 500||Intraday||S&P 500||Closing|
|Date of last bull market high||05/02/11||Date of last all time high||04/29/11|
|Last Market High||1,370.58||Last Market High||1,363.61|
|Date of last low||08/05/11||Date of last low||08/05/11|
|Intraday Low||1,168.09||Closing Low||1,199.38|
|Decline in Points||202.49||Decline in Points||164.23|
|Decline in %||14.8%||Decline in %||12.0%|
S&P500 YTD with my "auto buy" level shown with a dashed blue line
|A devilish decline in the S&P500 today, 6.66%! |
Makes you wonder if it was on purpose.