A Market Timing Report based on the 10-25-2013 Close published Sunday October 27, 2013
The SP500 Index has made yet another high, but by only 0.44 points. Certainly, the Bulls have the ball to lose, but the failure to better the prior high by more than 0.44 points at the Friday close is not entirely positive. If we move up one more notch, especially if we rapidly reach that upper white trend line on the chart below, this move will probably be about over. Getting out of markets at highs is a tricky business, so I’ve hedged my position somewhat by reducing my long equity position. How much? I cover my thoughts on my access page, which you can subscribe to here: Free Subscription to My Newsletter (I’ll send you back the password)
Here’s the chart:
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