We all must have heard/read following so far:
- Is this START of a BEAR Market!!!
- Is there more down side to this Market?
- Should we enter Market now!!! as we do not want to miss the rally...
Follow the technique/system and NOT Media/News
- Do not Panic
- Stay calm
- Have patience
DO WE CARE IF:
- Its start of a BEAR Market? - NO, as long as we stay out of it or know what to do, Isn't it?
- There is more DOWN side to this Market? - As long as we know when to get in/out, we are fine, Isn't it?
- Should we enter Market now!!! - NO, our system will tell us when to enter, WHY rush?
Let's check current BPNYA chart below -
So how much time we should wait and how do we know when to enter?
- Now that we have a technique, our system will tell us when to ENTER market.
- Till then we keep our patience and NOT be frustrated.
- We stay calm and preserve our capital.
What does it mean for our Long Term Funds!!!
401K/HSA/College Fund: If for some reason you still haven't moved your money to money market fund then we might want to hold further and sell into the small rally (if we get one!). However, we have a huge risk especially if get another sharp decline before the short rally. If you already moved into money market then have patience and relax till we get BUY signal.
Traditional IRA/Roth IRA: If you are already invested in list of BEAR ETFs then you are already enjoying the gains you made last week. Make sure you are ready to protect those gains if market decides to make a rally attempt. Just follow BUY/SELL signal as no trading restrictions are applied on these accounts. Choose ETFs based on the strategy provided here.