That's a good question to ask. Looking back at the action the markets just
took one can be torn. With such a sizeable move higher, will there be an equal
pullback or will the market continue higher? Good thing we don't look back,
only forward. Another good thing is that we have my 1-2-3 PLUS Alert system
taking the emotion out of the decision.
All but one of my indicators are at a standstill. Reminds me of when I'm hesitant
to jump into the pool because it feels very cold on my toes, my indicators
are legging us into the trading pool, 1/3 at a time. We'll just have to see
if a bear does a cannonball, splashing the bulls and scaring them out of the
pool for a bit.
Add 1/3 Bullish Bearish position (see new weighting below).
Current Weighting Suggestion:
1/3 in Bullish Leverage
2/3 in CASH mode
Long Term Investor Buy Signal Alert
Over the past several years, this indicator has predicted several 100-point
or more moves in the S&P. There are only 2 to 3 of these signals every
year, so they're worth paying attention to. This is an ideal signal for investors
to put cash to work following a down move in the market.
A Long Term Investor Buy Signal Alert was issued March 18, 2009.
In 2008 we had two signals; one on October 29, 2008 and one on July 23. The
long term investor buy signal that was issued on July 23 ended with S&P
up 62 points.
Long Term Investor Crash Warning Indicator
This indicator is a variation of the widely published Hindenburg Omen.
We'll let you know when we're seeing indications of a potential crash to
come. This would be a good time for long term investors to take some money
off the table.
This indicator is not coming into play at this point in time.
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