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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (40322)	8/5/2024 8:34:59 AM
From: skinowski	Read Replies (2) \| Respond to of 41469

Hi, Bob. I don’t have any predictive scenarios on which I’d be willing to make serious bets. One thing I did was decrease exposure to under 50% in the past weeks / months. Heck with it, at this stage of the game it’s better to be conservative. I also hold a bunch of dividend payers - almost all of them, subject to a trend following system. I own a position in BITO (rather than Bitcoin) - the reason being that it’s paying a very high dividend. Makes it easier to wait for a long overdue bull move :) The only name in my account that’s green at this time is TLT. I think it’s best to let it play - and watch the patterns for signs of a reversal. So far this morning we’re seeing a 5% crash in the Q’s and 4% in SPY. Not the end of the world (I hope -g). Some serious bear markets will continue to happen, as always…. Looking at the big picture, the damage so far is limited. Notice bearish RSI divergences on this monthly chart, starting since 2017-18. A larger bear is likely to happen - if not now, then later. It does bother me that no one is concerned about a big decline. There are plenty of forecasts - by smart people - all of them implying that the Bull is not done yet, and to expect new highs. I hope they’re right. Edit - just noticed that at the recent top SPY was a clean 10-bagger since the low in 2009 :)