a managed index chart shows the best pix forward

If you want a picture of where the market is going just check the Investor's Business Daily mutual fund index chart of the largest funds. This is better than most indices that include everything willy nilly, because the mutual fund index is a managed index of the best charts thought to be rising right now. The current chart shows a break in the uptrend setting up a decline when the recent series of highs were each lower than the one previous. This gave a sell signal ten days ago.

resting your money

Sometimes you just have to rest the money and it is worth it just for that reason alone. Of course, if someone does not know the risks in markets, especially today it seems, then they might not want to do any resting, which could increase their rewards as well as their risks. One can envision doing well for a long time only to lose it all in an instant, like going over a cliff. When a fed chairman keeps reminding us of a financial cliff in the fall, this should really whisper in the ear. Never argue with the fed is an old adage for a reason.

proportion may be the one weakness of charts

View several different charts and notice how the proportion can color your impressions.

Reminder: Posts here are often all continually edited, growing changing, being replaced and disappearing.