(More on my blog.) I have quit most of of my bear positions with big win! The following explains my portfolio as of today's close:
Long Term - Big troop dolloar amount allocation: TLT 50% cash 50% (no change)
Medium Term - Small troop stock holding: NO POSITION
The market took over last Friday's reversal bar which indicated a strongly bearish view was no longer valid. The market is moving higher to find the lower high (of previous high on 05/01/2012) this week. Since we have had a lower low (05/21/2012), we are waiting for the lower high to short the market again. Be patient! The bear run is far from over! DO NOT buy any dip!