Really do not understand why I have not seen one chart posted, or talk about this classic double top
. Talking heads all saying we are heading to new highs with dips along the way, another 10%? Really? Ok, either I am really right or really, really wrong, but there is no inbetween. And that's fine, took my profits, now house money for me, but a lot of it riding here. This kind of set up doesn't happen every year. So win or loose, I am going with this story. If we meander with low volume
, and head into the very long 3 and a half day close, I wonder what Monday will bring. Being long is just foolishness, being in cash is the smart move, being short, well, risky, but the reward could be well worth it. TZA
all the way. If I am right, small caps will plunge, and what isn't sold will rotate to safe big cap. Note: an aweful lot of stock pickers publishing that way, and defensive stocks, lots of on air players going defensive, lots of be careful chatter.