Posted: 4/17/2012 1:04:05 PM
I called for a market correction on April 2, 2012. It may be a touch premature to say it's done but the indices look rather robust. I wish I had the S&P 500 index volume figures but I'm assuming it's on the high side. I'd close all inverse etfs and go between 25% to 33% long in ur portfolio. I'd keep the rest in cash and pyramid into this rally next week if it holds true. There's still a real chance this rally fails ... so no more than 1/3 of ur portfolio in long positions is recommended. Good luck to you all.