Is He Alive?

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We shall see what the bears bring this week, with this presumptive gap down tomorrow morning. If you agreed with my analysis in recent weeks, then you are probably holding high levels of cash here along with me. Our 12631 Trading Service members are in a good position to sit back and observe the price action this week, on watch to see if the market can stabilize sooner than later.

The trend for months now has been to quickly buy any dip. However, the market has grown increasingly difficult since late-March. Thus, I am now in a more reactive position rather than the aggressive stance I took in the first quarter of this year. If the bulls can pull off another stunning dip-buy, then I am more than happy to get long follow-through to the upside. However, I am not going to front-run that scenario in this spot.

I did several posts this weekend with specific ideas of stocks to watch and price levels on the indices to observe. So, feel free to scroll back through them if you were out and about.

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http://www.youtube.com/watch?v=po1RwTSAGd4