In Cash
I have learned from experience that a market that can not be taken down, will go up. Bears have a small window now to take the indices down, perhaps tomorrow or early next week at the latest. Otherwise, indices are going to go higher.
I am watching NDX. There is just no way for the market to go down unless and until high beta issues are taken to the woodshed first. If I see indices are down, but high fliers are still flying high, then I have to conclude that Big Money is just setting his traps for bears.
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change N without notice.
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