Today it look likes pivot has some teeth to it. SP500 is signaling a pivot down for the first time since December 20th. This could become that 5% or so correction before we make major advance again.
As I mentioned before how RD broke that trendline (neckline), I hate to predict, but I keep looking at the numbers and it keep showing up as $57.00 final down side target. The first support is $61, if that don't hold, then 57 is the final destination. IF SPX correct as it appears today, then $57 is a buy area. The top of that recent high down to the break line is $8.00, you add that $8 at the break line is equal to $57.00. Don't be in a hurry to buy as there are more opportunity ahead. GLTA. Ray
I was prepared to add to my current position of 46% RDS. With today's global downturn, I'll wait a little longer unless we go below 65 today. Lower than 65, I'll continue averaging down. I did pick-up a little bit of FSAGX since it's tanking right now....we'll see.