There is still the very real risk we get the half cycle low. If we do, you will appreciate the fact that I discouraged you from buying today. If we don't get the HCL you will probably be upset with me that I did not get you in. Buying early in the cycle keeps you from having to make these kinds of decisions at the half way point. Personally, I am hoping for the HCL because I would like to own more NQ. I will be ringing the bell when I think we are at a point where it makes sense to start a new position or to add to your positions.
I don't think the S&P will not reach the 200 day moving average this week but we could well be at this point a week from now. I think the 200 DMA is where we will get our HCL.