Pull back any time, but we should not go short

billwong123

Market is time to pull back, but we should not go short. Why? The pull back maybe only 3% to 5%, the outside money would jump in then, so it doesn't worth to risk for 5%. Technically, it looks like market is time to pull back. However, this happened several times, any unexpected event may jack it up. Therefore, we can not pre-set any position expecting market pull back. All we can do is take some profit, but don't go all out. Other way is to tight up your safetybell.
Another probability is that market will drop near election day, because Republicants will win, this would cause some kind of unstable or no direction politically, but any pull back will be very short term.