Head For The Hills

To say the market is behaving badly would be an understatement. I have moved all of my money out of mutual funds. Take a look at the chart below (click on image). As you can see the price bars are red, the moving average is red and the momentum indicator is red. If you don't understand the significance of this please read through last Saturday's post. The long term direction is now down. Unfortunately I can't elaborate much more at this time due to a family emergency. Keep watching on a daily basis for any potential changes.