Today we bounced off $1295 and started back up hill and created a third higher pivot low and it was exactly what we were looking for. So we now have a new uptrend line that has accelerated from the second pivot and what we need to happen now is to climb through $1356 to create a higher pivot high. Think of it like steps in a stair case and it will make more sense. If we keep stepping up, all is good, but when it reverses, we need to roll back our funds to conservative funds. I still believe there is no way Congress and the President allow this country default on debts and when this all shakes out the markets should go up even more. Nothing in the market is a guarantee, but to me it is the only logical conclusion. I will not change my distribution here but will be watching closely to go all in.
No comments:
Post a Comment