Thursday, August 18, 2011

100% in the G Fund - The Bounce Has Died

The bounce has died. I am 100% in the G Fund. We hit the 13-day moving average and then dived down. It is time to go.
The market has changed. Support has been breached @ 1172. Support shouldn't be breached if we are heading up. Also, we are now below the 200-day moving average on a weekly chart. Time to go and step aside. I found myself hoping. Hope is not a plan.

Breaching 1172 support was a trigger. Breaching the 200-day moving average on a weekly chart was a trigger.

October/November should offer better entry opportunities. It's just not a good market environment. Plus, there is less stress to just step aside and watch from the sidelines.

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