Summary: Continue to maintain a LONG/HOLD position.
1/14/2014 – Just a normal day and nothing to write home about. After yesterday’s sell off the market opened with a gap up and kept going up. The day ended with the DOW being up +116 or (+0.71%). From our long term perspective there has been no change. I continue to advice to hold your long position for the time being. While over the short term the market might go down even further, my mathematical work indicates that the Bull market that started in March of 2009 has a LITTLE bit longer to go. Either way, we have to wait for a confirmation before reversing position.
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