I decided to go in 75 percent today. the Three Soldiers pattern has come up! Very bullish! I am taking the risk that the screw jobs will come up with some kind of a deal! my finger will be quick on the button however! Good luck!
I remain 100% invested in trading account via options: short Oct puts (which I probably will need to roll) and long Jan calls. Also 100% invested in long term account. Yes, there may be a dip but I will stay the course - would not want to miss any increase...which I expect before end of year. Also expect 2014 to be positive.
I think the clowns will go right down to the wire like they did for the last fiscal cliff crisis with a solution pulled out of the hat at the last hour.
That said, I've been buying every step on the way down because I know that I can't predict a bottom so it's safer to scale in. Also, when the deal does come, it will produce a huge gap up just like what happened last Dec.
If you weren't already on board back then, the market gave you no chance to get on board. You have these extreme moves because of all the shorts that will be rushing to cover.