With the last three days, a monster up-move has occurred in the US stock market. While the POS has reached four again, I am going to wait one more day to commit any of my funds to this market. The markets did pull back about 5%, but with the last three days, momentum is back in the upper quadrant of strength, possibly signaling overbought conditions. I could be wrong to wait, but the beauty of the current system is that I would have only committed half of my funds today anyways.
This may be the start of a Santa Claus rally, but I will wait until Monday for a little more clarity on what is happening.
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