1 Mar 2013

With high volatility markets have been pretty hard to predict,  but that's not what we ultimately want to be doing.. predicting or speculating.  Indicators shows an unwillingness to move up and we might just have a impulsive move down to finish of this corrective move down.  I do believe we still have a high chance of higher highs, but as stated in the past posts.  I am seeing an end game in the next 3 to 4 months and with that type of time frame, the best thing to do now is to start positioning for a move down.  When the down turn happens it will happen for months, therefore once positioned I would just sit back and relax.  This would not be the time to pick tops or bottoms.

Indicators are still on a bearish trend, but our daily is still in a bullish position.  Only when the Daily turns down will the bearish trend continue barring that our medium term trend doesn't close before that daily turn happens.