Both the TSX and the Vancouver have literally cemented indicators, (indicators have narrowed, along with candles, are shorter... indicating more stable intraday pricing) as opposed to the past volatility... which is good, and can be a bad thing when you see this display of narrowing.
Narrowing is a foreshadowing of change.
As for being good, it suggests a continued rise but the caveat is, when will the broad market bulls change camp? I suspect a lot of bears will be bulls when the shoe fits. I think a lot of bears who have changed camp will play the downside when they get the chance.
Undeniably, there is still a lot wrong with the economy that has yet to surface and with so much novice cash changed hands, (there is not much novice money to move in)it will likely be a market where professionals are playing professionals, and that kind of poker is sharp and calculated.
It is time to hedge some profits.. and buy the pullbacks...
Definitely consider some profit taking and frame an exit strategy in your mind....
This is a general scope of thought and certain individual issues if not over bought, may buck the May go away and impending volatility of the doldrums.
Caution should be ramped to a yellow alert LOL. Protect your bananas.
If you see some broad major spikes, think of a broad market top and a bullish consolidation shaping up for a swing and a reload.
The time frame, depending on what your into, is from here to the end of June and the closer to the end June, the more attention you should be paying to your holdings for a move to cash.
Holidays equal a very quick grinding halt to licensing issued by governments for projects,,,, Everybody goes on a two week vacation except the government who take a two month escapade on the peoples cash using up their spending accounts to head for faraway places under the guise of deserving perks for distinguished service, which could only be a legend in their own minds.
Another round of Zombie slings please.
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