- Nifty bounced around MA(100) and now falling towards MA(200), we might see a bounce from MA(200)
- McClellan Index shows NO sign of turning and continues it fall even more rapidly, suggesting more and more stocks are declining than advancing
- Mutual Funds - Holding existing positions is the risk we would be taking at this point but we certainly should NOT initiate NEW positions. However, we need to very cautious as the next bounce might be our last opportunity to get out.
- Stocks - Its better to stay in cash unless you have existing open positions with good profit margins. Make sure you have STOP LIMIT in place or use Trailing STOP.
Market is in correction, stay extremely cautious...