4600 next week, page-2

+1 from me thats my tea leaf reading as well.
though 4600 may be a fraction pessimistic.

I would be starting to dribble money in ~ the 4700 mark say 20% of my cash, then another 20% for each 100 points.

Its textbook just like last year (bounce off 5000 resistance and correction back to mid 4000s) and things are converging into a perfect storm - floods, oil back at 90, middling earnings reports, japan debt downgrade, eurozone still in the mess with austerity budgets killing growth, how long can the US money printing joyride go. The techs are just the icing on the cake.

I'd be surprised though if the May-ish recovery you mentioned is sustained either, wouldn't be holding much long term unless you get bargain blue chips like BHP below 35 or the like, or where the 'rules' don't apply e.g. startup bios