Will ECB’s Draghi put Europe’s money where his mouth is or will he weenie out and we go back to square one? I'm in at 55% so hopefully his prior statements to save the day, are the truth. At least Bernanke didn’t tailspin us yesterday.
It did not seem to move the market up. It is looking more obvious that the SPX is going into a mini-pullback to maybe 1350 and Energy sector is also going down with it. It is just a matter of time RD will go with them. The good news is SPX is only half way down to 1350. My charting is still not restored, so I can't guess the wave pattern. So, I am getting out of RD and wait for the Energy Index to hit the bottom price channel. JMHO
RDS is at its mid point on all indices; RSI, Fast Sto, Bollinger. Could go either way. It's a crap shoot. JMHO. Increasing exposure to the bond fund. Slowly weaning myself of equities thru October. GLTA.