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I have been reading in various groups about a bear
market, key reversal days and tops in the various markets. As of right now
none of the indexes have given a sell signal with the system that I use.
There may be a reversal that could be triggered in the coming week or so, but
nothing that says that a major move down is underway or about to begin.
If you feel that the bear is just around the
corner, then keep your stops tight or buy protective puts. I have the
indexes as being over extended at this time. I have some downside pressure
being applied, but it has had little effect upon price at this time. I
have covered the Indexes, gold, interest rates and crude oil in the comments
section of www.delta100.com if you want
further insight into what I am thinking at this time.
Have a great week end.
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