Today\'s rally was perfect for 減倉
(2009-06-18 13:26:10)
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DJ & S&P rallied a bit today. Market commentaries claimed that it's a technical rebound. Agreed. But the thing that makes me uncomfortable is that market leaders are all defensive sectors: health care, consumer staples & utilities. So I took the opportunity to reduce my positions down to 15%, leaving with mostly index ETFs. Market will probably consolidate for some time to find the direction. I'll clear all the positions if the downtrend continues.