The Justa and Lars Honors Bob Brinker Investment Club Thread Message Board

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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread

VTI 336.14

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Dec 19 4:00 PM EST

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To: Justa Werkenstiff who wrote (6914)	3/3/2012 7:13:21 AM
From: Justa Werkenstiff	3 Recommendations Read Replies (1) of 10065

Hi All: At the end of last month, I turned neutral on the SPX saying it had an equal chance of going up or down from that point. Market chose up. With that said, there are enough warning signs that we will have at least a correction and there are a number of technical signs of an intermediate top that are flashing as well. I will not add to any equity positions in this overbought situation. In fact, I am reducing them. My rule is to never add to equity positions (dollar cost average or otherwise) when we are extended in this manner. If an opportunity presents itself to go long the vix , I will take it and trade it. Best, Justa

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