SPY update - 09/08/2014

Monthly chart is still healthy, and no sell signal yet. Given the the structure of RSI triangle, I think it is wise to dollar average out of this market. For example, reduce my long position 10% every month or something similar. If ever the sell signal is issued, I will reduce my long position in a much faster pace.

One would speculate the market may still have 20% room to the upside. I would say in terms of risk/award, the risk is too high for that 20% gain. So I would rather step out gradually.
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