The Dow Jones Transportation Average is closing in on the all important 9199.65 level I want to see before deploying the balance of my cash into the broad markets.
If this level is surpassed, it means a bull market is definitely in full swing. How long this bull will last is anyone's guess. I suspect we have been climbing the wall of worry for some time and are entering the euphoric stage of the current bull market, which could mean some huge gains in the next couple of months, followed by a spectacular sell off sometime in the new year. That's just a guess, and even though I think it's a pretty good one I'm not basing my strategy on it -- it's just fun guessing at what might happen.
For now, I await for 9199.66 or higher to appear as a closing daily price this coming week. If that happens, I'm all in.
Happy investing
