I am not a perma bull
. Matter of fact, I am only 40% in the SM and 60% cash. However, it is what it is and these are the patterns I am seeing. As I scan around, I noticed 90% of the charts on SPX
. The trend is your friend, I was told back in March 2009
when analysts were screaming sell, sell, and sell. That was a painful lesson for me to be on the wrong side of the trend. What would it take to be on the right side this time? I suggest a careful watching of the daily and hourly charts for turning signals. Thoughts?