Thanks Tex! Please let us know when you buy. I was thinking of buying today but will wait to see how market goes.
On Thu, Jun 16, 2022, 11:57 AM Locutusoftexas <mrweyl@hotmail.com> wrote:
In March, I raised about 25% cash in my various accounts. I have not committed it yet.
Based on my technical indicator, which you should take with a grain of salt, the market has more to go down.
That is consistent with the Zweig model.
When my technical indicator hits the low of March 2020, I am committing the cash. I would be amazed if it got that low, but it is now much lower than any time since March 2020 and is in what seems to be a remarkably oversold position. Novices should look up what this term means.
I will probably miss the bottom. I will let the board know when I do the buying. It is going to take me a while. I am a buy-and-hold guy and I cannot get my head around large transactions, which happen almost never. So at least it should give you a laugh.
Best advice: ignore what I am doing. I am just the entertainment. Play the long game; that is the only winning strategy.
Good luck,
Tex
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