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To: expat_panama

Wednesday wasn’t very good. Better than yesterday. What will happen tomorrow and Friday?

TC


11 posted on 12/04/2013 2:05:52 PM PST by Pentagon Leatherneck
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To: Pentagon Leatherneck
Very good question.  These patterns are usually repeating, but that just makes the next big question 'which pattern?' 

Here's what we got for the 3 major indexes over the past 12 months--

--and while we could continue our down trend into another of the 6 or 7 % correction like we've had every 3 months or so, I'm personally preparing for this being a repeat of the week of the small time profit-taking we had say, a few weeks ago.   iow, I'm still mostly in but ready to do a little 'profit-taking' of my own.  Make that 'more' profit taking.  Yesterday I sold of one stock (RGR) that was failing.  Sure, the darn thing might soar tomorrow but like they always say 'nobody ever went broke taking a profit'.

Actually, now that I look at it, we've been having a pretty nice 12 months.  Sure hasn't felt like it...

12 posted on 12/04/2013 4:51:38 PM PST by expat_panama
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