I see a lot of merit to that opinion. The mclellan summations for nasi and nysi are still declining, as well as the one on the amex I calculate myself. $bpcompq and $bpnya both still falling. In addition, mdys price chart has a serious breakdown of its recent months uptrend. Am still in cash awaiting either a short signal or a buy; which ever occurs first.
You CAN time the market!
But only after you trash the big 3 myths.
Myth 1 - its possible to get every point of every move ...Myth 2 - you'll never have a drawdown ......Myth 3 - you'll never have a loss