I'm not going to take it as gospel either way. After being baadly burned by the GFC, those of us who 'refused to see the bear coming' will be a lot more cautious now. I laughed off the doom sayers and didn't think it could happen...
We've enjoyed a recent great run, but I'm being ultra vigilant and ready to go to cash if things really start to go downhill.
Have to weigh up whether the stocks we hold can hold up through another mini downturn, or whether they're likely to drop too.
So though the chart is giving us hope that it's simply a glitch, and I hope it's right as I'm loving this bull run, let's just stay on our toes.....
Select long term stocks carefully....and watch the stops!
