DOW drops 1000 pts

[hendi_alex]

What do you mean can time big dips? Cash is sitting in the account and a wish list of GTC buy orders are in the cue. About half filled today. Timing a big dip merely requires the investor to have cash available and orders ready to execute. If the market drops ten per cent tomorrow, I'll likely get some more fills. If not, everything is in the ready for next next time the opportunity does arise. If cash had not been available, then I would have had to just sit on my hands and watch today's drop. So no, you can't time big dips in the sense that the investor knows for certain when they will come, but you can time them by being ready any time that they do appear. Being fully invested, and buying pricey shares near market tops, in no way prepares the investor to take advantage of bargains as they appear. I always prefer a good sale, and most often am willing to wait for it, especially if near the top of a long, tired expansion phase that is being weighed down by many head winds.