Quote Originally Posted by ananda77 View Post
Hoop:

- SPX 500 *1530 represents a 10% correction, if it comes to that - next 'long' accumulation point *1600
Why? - to cover potential upside with index trades since 50% Cash waiting to be invested - gross yields in Australia again touching 10% in selected financials (way to go), utilities, (my favourites) - yummy

Kind Regards
...well this strategy paid off well so far - index 'longs' feeding into the bottom line while 50 % cash waiting. The market may well be driving the SPX 500 up to the *1700/*1750/*1800 area, but the long term oversold state of the index remains a deep concern - as a consequence, risks are extremely high for a double digit correction, which will hurt hurt hurt if ignorant of the risk north of *1687.
Maintaining a Cash reserve and continue feeding the bottom line remains the favourite strategy

Kind Regards