Skip to main content

My model ran for 300 large cap companies and signaled a sell on the broad market.  My strategy would be stay in cash, hedging gold/silver stocks and position in TLT (bonds) untll the correction is done.  At the same time waiting for the gold/silver stocks to finish correction and accumulate some more.  This coming correction could be the wave C we missed from the Oct 20 correction.  If my assumption is correct, then the recent rally is the wave B and it is higher than the last motive wave; no wonder it was strong and short lived.
11/13/2009 7:57am
Added - Watch if DOW is not closed at a new high, this confirms more on the reversal side.