Overbought RSI heading lower, plus on-balance volume heading south = correction time? Or MAJOR CORRECTION TIME?
iShares China points out major market tops very well. We could go a LOT higher (see 2008 above) or THIS could be the TOP right here. Time to GET DEFENSIVE – for sure!
TLT performed VERY WELL during the last two major market meltdowns. Time to balance aggressive equity portfolios with GOVT BONDS.
Posted by Alex Nason 