The Long View
I am short term trader, long term trader and investor. From a short term perspective, I put up lots of posts with charts about the current waves. Because they are immediate and most people follow the short term market action. But I do short term trading with only a portion of my portfolio. I am as much or more focused on the long term, the next 5-15 years out. And as the long term market trends move slowly, there is no need for me to write several posts about them a month.
But we are nearing a critical juncture. I believe the cyclical bull market (the bear market rally since March) is winding down. And the larger secular bear market will resume it hold. When will this occur? I think very early in the New Year (2010). But this post isn't going to be about the technical analysis or EW counts of the small Minor Degree waves leading up to that juncture. I am going to talk about the big picture. And the big picture moves in "approximates" or "windows of opportunity" not exact dates. But I think we are close enough to the top so that those who are seriously bullish on the market should consider taking some profits, or those who are seriously bearish on the market (and I am) should consider getting positioned in some long term shorts (or adding to shorts you established at the top in 2007).