|The Bears are in control.|
|7 Days on the Downside|
The Woody Indicator
VIX (Volatility Index)
Market Direction Model
Upcoming Market Moving Events
Investors are nervous as they try to assess and anticipate the impact of the events of the next two weeks. Most important will be the German court ruling on the legality of the fiscal treaty. The Euro Community is facing a dramatic test. Will the Euro survive the challenges?
I anticipated this market pull-back and have been reducing our risk exposure. September is historically the worst month of the year.
Once we can get through September I believe a nice year rally will ensue. For the moment a defensive posture is called for.
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