LONG TERM TREND: We're getting close to the top. As you can see from the attached chart, the market closed up last week at 136.41, just below the high of 137.18 established last May. Although the trend is up/bullish on a long term basis, the majority of metrics that I look at suggest that once the 137 level is hit, the probabilities favor that any market correction could actually be the beginning of another bear market.
SUGGESTION FOR 401-K: If you're currently out of the market this is a particularly risky time to throw all you money into mutual funds. The next few weeks should tell us a lot about which direction the market wants to take.
I'm going to have to delay posting historical signals on the model that I've developed. Technical issues persist but they should be resolved this week. Have a great weekend!
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