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Strategies & Market Trends : Wolfgangrene's charts
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To: Chris_Toronto who wrote (3602)5/10/2017 12:24:29 PM
From: The Ox1 Recommendation

Recommended By
Chris_Toronto

   of 3976
 
The markets have had a very substantial move over the past 6 months, not to mention being up over 35% since the 2016 Feb lows, so taking some profits and building cash reserves looks very wise to me.

The longer the move north continues without a correction of any size could imply that when a correction does come, it will be harsher than many expect.

I do believe that markets were significantly undervalued early last year but we've seen enough of a run up that it's much harder to say that today.

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