Be Cautious?

16 Jul

Many market participants have that ''can't lose'' mentality again and it's quite obvious markets have been running hard for a while now - I've made this idea using monthly pivots and action/reaction lines which could be hinting at we're forming an important high and there is a possibility of a reversal looming - It's quite difficult to scream top yet because we have yet to see small caps rally super hard (which is one of the key signs for a market top) when they start having daily rallies of 20-30% it's usually game over for major index's as a whole - we're obviously not there yet as RUT has not made an ath - I think in general if you're in long swings from great entries it's fine but for a lot of ppl who have entered the market recently they should be careful to not over expose themselves and have some cash lying around just in case.