It is a very strong market. I think the average investor has finally jumped on board which is making it a dangerous market. People that are looking to buy the dip will keep us from dropping too much probably but profit taking will come.
Its hard to be patient and sometimes waiting to buy the dip is the wrong move. That's why I like the 50-50 strategy. I try to stay at least 50% invested in a bull market. I'm below that now just because of how much we've climbed. The indicator that seems to work the best for me, the RSI, is over 80 in the $tran and it almost never stays up there long. The $emw is at 78. So, my system says sell if it gets to 80 and overrides other signals. I guess well see if it works this time. One thing I keep saying though is that some markets persist longer than you expect and this is a strong run.