A Personal Observation About Markets, from Bill Rafter
A personal observation:
When a market has had a successful run and is ready to roll a seven there are several scenarios in which the turnaround occurs. A very interesting one is where the market in question does not initially falter and give a sell signal. Rather, what happens is that competitors or alternatives to that market start to look interesting first. It is almost as though those in control of portfolios start to move their cash into the alternatives before selling the primary market.
For those of you who play these markets by the numbers I suggest you check your signals for bonds, gold and equities. Observe if you are getting buy signals in bonds and gold, but not yet sell signals in equities.
This does not have to be a big move, just a portfolio adjustment.