iShares S&P 500 Value Index

… ETFs offer greater tax advantages IVE iShares S & P 500 Value Index Fund 10.0% VBR Vanguard Small Cap Value ETF 10.0% EFV iShares MSCI EAFE Value Index Fund 8.5% SCZ iShares MSCI EAFE Small Cap Index Fund 4 …

… Kenneth Cole ( KCP ; merger speculation, pg 18); value stocks (M&A activity is lifting value stocks; play via ETFs IVE , ELV, VTV, SCHV, VTWV ); Apple ( AAPL , pg 32); Google ( GOOG , pg 32); German Daimler (cover story, pg 37 ..... held for at least 30 days to get the $9.99 commission waived. M* helped it to develop the commission free ETF list from iShares , Vanguard, State Street, PowerShare and others. Firstrade has redesigned it website. Pg 36: 13 states now have 10 …

I have only really been paying attention to building my retirement portfolio since the start of the year.  That said, I think I allowed myself to get comfortable with the general, and likely unusual, trend of steady upward momentum and not given much thought to how to handle things like what has been happening over the last week and, more specifically, yesterday.  The following idea occurred to me and I thought I would throw it out there to get some feedback from more experienced investors. I have been using the ishares ETFs from Fidelity to try to diversify a bit.  Looking at the market outlooks on M*, it appears that Large Caps, namely Large Value, are still undervalued, so I had been starting to accumulate some shares of IVE and IWF.  If I believe that what is happening right now is not a crash, but just the expected 8-12% correction that should occur during bull markets, is it advantageous to persistently keep a limit order open for ~90% of the ETF's 52-month high?  One consequence is that I would need to keep more cash than I currently am holding, but my expectation is that this would allow me to automate a purchase during a correction without having to worry about timing the market inappropriately. One worry though is that, given that upward momentum will continue to increase the 52-month high, my limit order could quickly become out of wack and put me out of a buying opportunity.  To ensure against this, I think it would be prudent to periodically check that the limit order is within a 10% correction window. I need to think about this some more to figure out how to prevent this strategy from becoming very complicated.  I'd be interested in knowing what others think.  Is this a sound strategy or does it open me to unreasonable risk that I am missing?