LOOK OUT BELOW?

THE TRENDS:  The intermediate and long term trends remain up.  Although there are definite signs that the intermediate trend may be in peril.  As you can see this past week was very much a down week, this right after a strong week the week before.  The bottom line is that if the market continues to fall below the 135.75 level the intermediate term trend will flip down.  If this happens this indicates a high probability that the market will continue to fall to at least the 130 level, which is near the high made last October.

SUGGESTION FOR 401K:  I will be monitoring the market each day next week.  If it falls below the 135.75 level I'm moving all my long term funds to the sidelines.  I will update the blog if this happens so watch your mailbox.  Have a great weekend.