Friday, August 5, 2011

What to do Now?

As you most likely know, the Dow dropped 500 points yesterday resulting in the loss of all of your gains for 2011 .
I looked at my charts last week and saw a minor top. Yes a minor top on the daily and weekly charts. There was nothing on the monthly charts. So the way I see this thing, we expected a pull back to some support. That support could be as low as 11,000 in the DOW.
My point is I don't think we have an end to the bull yet. So I am staying all in (the total stock market).

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