Ok, so we had a nice week and my portfolio is up pretty good. Now I'm getting nervous.
I'm thinking that, yeah ok we may go a little higher from here till January possibly, but then imo we go back down.
So my plan is to sit in 20% cash currently and if we fall 5% or so over the next couple weeks, I may add another 10%.
Then I'll ride it through Xmas and then I get nervous for January but I keep cautiously optimistic.
Then at first sign of danger in mid January to February 2023, I drop back to maybe 50% or more in cash.
We may get lucky and hit 4500 or so, but after Xmas and Santa comes, I say there's gonna be a lot of selling and rebalancing by smart money to line their pockets and look good to their clients.
After that, smart money know that in order to get more gains (to purchase another yacht next year), they're gonna have to set the algos for 3500 at very least and maybe even 3000.
So I expect by March 2023 we'll be sitting at the very least at 3500 imo.
This is when I'll load some of my 50% cash in and wait for the next pump …. so that maybe when I'm 80 I can also buy a yacht.
Just my plan and opinion.
Good luck all.
Let's make some cash for 2024!
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