highnote |
06-03-2019 07:22 PM |
Quote:
Originally Posted by AltonKelsey
(Post 2475463)
wow.
thats what, 100 s&p points away.
But you said, "If it takes a big dip then I'll be on the sideline with cash to jump back in at bargain prices"
How can you wait for a massive rally to happen , and also get back in at bargain prices ?
Maybe you meant 2752. http://www.paceadvantage.com/forum/i...UBGX/row2d.gif
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Nope. I meant what I wrote. I am on the sidelines with 50% cash in most of my accounts. If SP gets to 2852 it will still be well below its recent high.
To be honest, I use the Value Line Arithmatic Index because it is a little more sensitive than the SP, but SP is correlated with VL and SP is more well-known. So for paceadvantage purposes it is simpler to talk about the SP and its more easily understood.
Additionally, I use other indicators, but the SP and VL give off buy and sell signals most frequently.
Based on the major momentum buy signal I got in December I am still bullish. This trump noise with the tariffs will blow over eventually and the market should resume its upward trajectory, in my opinion.
I captured a lot of value from December until May and hope to do so when the trend reverses. In the meantime, no point in pissing into the wind.
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