It is hard to ignore what I am seeing as the market bottoming process. In some cases it is giving an early bounce signal buy. It has yet to be determined if this bounce will pass or fail. IF it is NOT for the war and budget battle, tapering QE in front of us, I would readily start to nibble, but I will hold as I am trying to be cautious' I will wait and be patients.
Agree! Will stay 100% in cash and wait for the right entry point. at this point in time I answered point is around $61.50. there could be a short up tick because of the Syria situation but I doubt it at this point. there are too many bearish indicators as Ray mentioned above. still looking for 7 to 10 percent drop in the market...stay patient!