If you're going to get in this week...

... it will be for momentum moves and/or the hope of the end-year and Jan-Mar upsurge will start.

If indeed you'll buy in, choose low P/E solid companies and non-lightly-traded companies. Select those that trade preferably at 50 M average a day.

Choose also those that have no negative news hanging on their heads--NOT the companies supposed to be affected by Yolanda. Also not those have current or impending debt issues (some of our companies might be issuing too much bonds too fast this year without any immediate use for the cash that they will raise). Also not those having negative development on their businesses

Check around. There are even blue chips that are trading below 10 P/E, like last week's pick MBT. If MEG flirts back to 3.0ish, it's P/E will also kiss 10, so that will be a strong buy as well.

Beloved TA is still being battered. Ive cut some position here last week to raise cash and will buy strong if it reaches 1.35 (again, it will be below 10 P/E at this price point).

I played VLL and BHI to profit last week, but I did that only after being sure that I will have time to follow the market.

If you do not have the time, the safer option is still to wait for more uptrend. Wait for index to cross all the significant moving averages.