I haven’t posted for sometime, cause i have been busy with work and a side project.
Now that i am on a 3 day course, it gives me sometime to ponder about the market. We have quite a run up, but that doesn’t mean it couldn’t run up further. I still remember the 2003 bull where it just keeps going up and up taking every body off guard.
If this week turns out to be a down week, we might still be in a bullish scenario. first support for s&p 500 is around 790. bullish investors can look to add to this down trend. should the 700 level not hold, be prepared to take some loss of 10% and cut it.
My GLD trade sometime back didnt go according to plan. i exited witha 9% loss but it would have been worse if i didn’t. Sometimes cutting off weeds makes you grow better.