Raise cash and run for cover. Take the day off. For instance, if we get no bounce in small caps, value, interest rate sensitive, etc, and we have just a continuation of big momentum plays, we would trigger our buys using momentum type charts. Since the inception, our chart patterns and volume metrics have worked well, but not all the time. C'est la vie.
Trades are just that.
They are not buy and hold decisions. In effect, most of the stocks here that have proven to be successful trades, have also been good investments. I reluctantly honored the target on INTC, which looks like it is going higher. We cleared out the rest because they were not showing terrific momentum. These are trades, not investments.