Continue to maintain a LONG/HOLD position if invested -OR- be in CASH if not.
2/4/2014 – A fairly slow bounce day in the market with the Dow Jones being up 72.44 points (+0.47%) and the Nasdaq being up 34.5 points (+0.86%).
As of right now there is no indication in my mathematical work that this particular bear leg from the December 31st, 2013 top is over. I have a number of points of force showing a lower Dow Jones before an eventual turn around and a bounce. I advise that you continue to maintain our In Cash -or- Hold/Long position as we wait for the bear market confirmation.
While such a stance might cause further short-term losses, it is the most prudent thing to do from a long-term trading strategy.
Short Term Update: My short-term update includes exact points for force and anticipated turning points in both price and time. If you would be interested in knowing when the market will turn around….please visit our premium Subscriber section.
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Daily Stock Market Update. InvestWithAlex.com February 4th, 2014 Google