...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
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