Stops should be placed on new stock purchases. Or Market is falling back into safer territory. 30 - 39 Dangerous Market developing, if index is in a pattern of moving higher, pointing to a potential correction likely within weeks or months. Stops should be in place on all but core portfolio holdings. OR improvement from higher readings.
Place stops immediately.
Such a reading often signifies the dramatic end to a Market bubble and a crash. Highest reading to date is 55 in the spring of 2000. Copyright 1997 All Rights Reserved.