Market managed to make yet another HIGH and no signs of weakness so far. This is probably the most hated rally in last 3 years. Many investors are expecting a pullback or correction but market is doing exact opposite. No one wants to miss a rally BUT when is the time to enter!!! What do we do? From below chart we can see that BPNYA is well above 70 mark and hence a "NO BUY" zone for us. Volatility is back to lower levels and market hitting another HIGH. On daily NYSE chart below, divergence shown by arrows and NYSE is clearly visible. Market is slowly grinding higher. NYSE weekly chart shows market has managed to climb near 9400 area which was originally expected. What is really happening!!!
a. Current State b. Immediately after c. Near term d. Eventual direction As you would have noticed, above period is from August 2007 till January 2008 (approx. 6 months). It seems like we are in Step 2 above and it would be wise to be cautious, a wrong turn can cause lot of pain. What does this mean for our Investments?
Market continues to be bullish but be cautious...
TC
5/13/2013 01:19:53 pm
The 401k_Funds_Ranking_Excel sheet gives an error:
Admin
5/14/2013 01:49:04 am
TC, Comments are closed.
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