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The Stage 4 down-trend has yet to begin. That is when I typically exited the markets. However, I did not wait for that this time. I am more of a chicken now. The market could have a final rally up to the 30 week, 4 week or 10 week averages. Prior major tops did that and led me to think I was wrong to exit earlier. Ignore the news, fundamentals and market media pundits. Just watch the market’s actions.

People should look at a modified daily Guppy chart before buying or selling. META has been in a BWR down-trend for quite a while. Forget earnings, fundamentals and news. Just look at the price trends. RWB (red/white/blue) up-trends rule for going long! Why should anyone be long META? Buy and hope?

This chart shows Monday’s close as this week’s close. The cross will be more impressive if it does hold through Friday’s close.

I publish this blog to just share with readers what I am doing. I have managed to avoid all major declines since 2000. I would tell my students that if they were crossing the street and saw a car coming towards them at full speed, they should not argue with the truck or assume the driver  will stop. They should get the hell out of the way. That is what we have to do with the market. When my indicators turn down, I get out and wait for things to turn up. All my indicators are now negative but the 30 week average has yet to turn down. That will signal to me the BEGINNING of a Stage 4 decline and has in the past led me to exit  safely before major market declines. I am deeply saddened for persons, especially retiring boomers, who are seeing their hard earned savings evaporate.

The major indexes are in daily BWR down-trends. A picture is worth a thousand words.