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The 10% Pullback Mob

By Jim Cramer

About this article:
I like this healthy pullback in the Nasdaq, something I hope our colleague Dan Fitzpatrick weighs in on with his excellent look at the PowerShares QQQ technicals, which he liked so much and I used as the basis of my "Off the Charts" segment on Mad Money -- by far the most popular segment I do. You want this pullback because this rally is entirely based on the "always right/never wrong" 10% pullback crowd. Are you familiar with these people? They want to buy on any 10% pullback beginning from the $28 QQQQ level -- it is now $36. I swear, with any 10% pullback they will be all over this opportunity, but until then, count them out. Today we will see them en masse saying this is the beginning of the 10% pullback and "I told you so." The brilliance of the 10% pullback crowd is...

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