Friday, December 14, 2012

Short Term Top

I believe yesterday confirmed that we hit a short term top. We'll have to keep an eye on the indexes to see how long this will last.

The Market Timing Tool took a good step down after being in an extremely tight range for the previous four or five days. There have been times in the past where it would touch the 150's and then bounce back big to the high 160's or low 170's. Although, the majority of time it continued down to at least the low 150's. We'll stay short and reevaluate at the end of the day. 401k Update coming later today.

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