8-18-10 Indicator Status Update

The Major Market Timing Indicator #1 and #2 remain on “DOWN”, and our bias is towards a “DOWN” or flat market at this point.   We did get the move up that we were expecting this week despite the “DOWN” indicators.   If the S&P 500 closes below 1087 in the next two days the publisher will immediately reduce his holdings to 10-20% stock funds, 80-90% cash funds.