Tuesday, September 25, 2012

Iffy Market

Deteriorating breadth last couple of days.  Extreme bullishness was in the air.  All of the indexes down relatively big today.  It pays to be cautious.  I have been advocating limited exposure to the markets in light of extreme bullishness.  Wait and watch mode to see if any buying comes in to support the markets at these levels.  Be prudent and honor your stops.  Don't let the gains from the last few weeks rally evaporate.

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