KEEP YOUR POWDER DRY

THE TRENDS:  Both the long term and intermediate term trends remain up.  This week closed higher than last week and slightly higher than the high of 148.11 made in September.












WHAT I WOULD DO IN 401-K:  Unfortunately for the past two weeks the market has grinded slightly higher and has not retraced enough to allow for a low risk re-entry in the direction of the long term trend.  As enticing as it looks to get back in, right now is a particularly risky time to get in.  The probabilities STILL highly favor some type of correction.  I would remain out of the market 100%.  Have a great weekend.