Not seeing any irrational exuberance in place yet.
I'd like to see volatility continue for the next several months. I just don't see the much anticipated major pullback so many are waiting for, happening any month soon. Myself, I'd like to see it happen sooner than later and put the 50% cash which I have allocated for trading this to use at a much lower level. I use 100-200 point moves to buy on dips and sell similar up days. Been working great as well as Sp500 using this techhnique. At the level we're at (top side)...I'm not getting greedy. I've got my price points for larger inputs to the down side. Even if I do nothing for the rest of the year with the DOW, up or down I'm golden on this.one going into 2014.
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