What's the upshot? Hold or run? =:-o
Good morning Whipsaw,
I am out because I believe it may go down short term. So I am waiting for a drop...a few percent??? Then again, not sure anyone should listen to me as I have had a very crappy year; although September was a success for me with more than 1.3% increase?? or thereabouts.
August was a good month for market and so was September (earlier). I think I posted something a week or so ago (post 22216 - pg 185), that indicated when August is a good return month, September is typically good with a little ugliness in October. I just looked and it seems to indicate down at end of September but then goes up for a week or so in October before taking a little dive.
Obviously, no way to know if that will be true. I prefer to just look at the 4 month daily charts I use now. My read at this point is that it drops a little more... just not sure how much.
Also, I have been looking at the dollar (UUP) and at interest yields lately. Seems some on FBN mention inverted yield curve (that could indicate a recession), but most of them indicate its a ways off...like 1.5 to 2 years after the inverted curve starts... but maybe it could cause a short-term knee jerk type reaction in market when it happens. The Right Side of Chart clearly indicating he thinks there is a drop coming ...I think he is saying ballpart 5-6%. Check out the video he put out yesterday.
To scare you further, I keep hearing there may be quite a bit of "rebalancing" tomorrow??? Hummm… seems to mean it drops but then again, I don't know enough about that. CH watches the breadth, puts/calls (smart money), etc so I would checkout his posts. REVISED: I do not know if CH is in or out of equities right now. He usually does not post that.
As for me, If I were in S fund I would bail... but that is me.....take it with a grain of salt! I just don't like that the Bollinger mid-point (20 SMA) is sloping down, price touched the 50 SMA line yesterday and looks like it wants to slide down further along the lower Bollinger band. Also, the 3 EMA is below 5 EMA... has been like that for awhile. I got into S fund on 9/10 because it looked like price was going to move upward (MACDs) but it failed within a few days and I exited it on 9/17 and moved to more to G, plus more to C and I. Since that time S fund continued to move down. It is just an ugly chart. But, it could bounce up or reverse... if I were in I would be weighing whether to wait for an up day or to just ride it out. Problem for me has always been that when I don't exit at first sign of a dip, I decide to ride it down and back up but then get caught because I just can't handle the dip... happened so much to me in Spring... I think I learned my lesson. I do not have the stomach for those several percent dips. My weakness... but I am learning the hard way. I exit and now resolve to keep an eye for weakness in charts. I think the MACD histogram bars help see that weakness very well.
Wishing you the Best WhipSaw!
Here is a link to S chart.
$DWCPF | SharpChart | StockCharts.com
enjoy! 
.. good news could turn that around. notice how the Bollinger bands are starting to narrow... a big move could be coming next soon!! 
. Went I-Fund on Sept. 7 and got out yesterday after a nice run (got burned in July staying one day too long) only to miss today's big day for the I-fund. :17: Happy investing!
