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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (393)5/5/2008 8:38:35 PM
From: AllansAlias  Read Replies (1) | Respond to of 3209
 
It's hard not to try to out-guess the market isn't it. This is probably a good spot to cash in the long. The thing is, we would not have any solid indication that the trend out of the hole is broken until about QQQQ $46.50 or so, presuming that happened some days from now (i.e., how it would interact with S/R that far in the future).

I am going to get out of my 20% long equities if we go under about $47.75 in the next 2-3 days. If we don't, I'll stay in.


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