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To: robert b furman who wrote (1994)	4/23/2013 11:56:05 AM
From: The Ox	Read Replies (1) \| Respond to of 8261

The trend is your friend but with the relatively wild swings we've seen lately, it's probably a wise decision to keep plenty of buying power available. I'm about as bullish as it gets (in general) but there are more warning signs that shouldn't be discounted. I like that the market is climbing the wall of worry and that companies are generating better bottom line performances without the top line showing large improvements. I suppose I get concerned when we see things like the market going up 14 Tuesdays in a row, or whatever the number is today. This reminds me somewhat of the way the market used to ramp into INTC's earnings and they would then torpedo the bullish runs. I'm hopeful that AAPL will not do the same, as they sorely need to beat today. The worry wart in me says take some profits if you have had major run ups in your long term holdings. Add to that buying power. It's a bit too early to be leaning towards the bear side. I need to see more sectors breaking down before that happens. Gold and Mining aren't enough to make me nervous. Resources have had a great run. Some back fill moves will make the sectors stronger in the long run. Frothy days like today make me want to leg into VXX at the moment..... Nah.... JMO TO