Sunday, August 08, 2010

Now What?

What a week! Bearish turning dates, so far August 2-10, have been a non-event.  Bummer! (Because I am in a bearish mode.) Even though we still have a couple of more trading dates to go.  The 13(15)-week EMA is now back above the 34-week EMA. (See details in the following S&P 500 weekly chart.   All of this reminds me of an old Chinese proverb (I think it's Chinese.): "Those who do not have patience will be taught patience."  Boy, do I hate patience!  Overall, I am still content with my investment positions (26% Inverse Index ETFs and 73% Money Market Funds).



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