A shot across the bow
This upcoming patch of market time we now face looks not at all promising for the bulls. As I scan the markets, the patterns I see are not bullish setups. As such, I have sold down my portfolio to my "sleeping point" -- and probably will step aside, and perhaps even away from the markets for a protracted period. Even my most highly-prized favorites likely will not withstand the coming fusillade.
Be aware. Be wary. Be prepared.
-- David M Gordon / The Deipnosophist