Just to let you know the plan. The DC news has caused the seas to change, hence money managers have started to unload positions because the track of the healthcare changes, tax changes and cuts is now more of an unknown. Money managers cannot liquidate their positions in a day, or even a week. As a result, I expect more down days, as it looks like the DC circus could take months to get to the high wire act.
Today’s down thrust has put most AIM accounts into the top of their respective buy zones. The plan from here is to make an initial purchase at the edge of this zone, maybe tomorrow, and then make the next purchase at a technical buy signal at lower levels, which could be weeks, or even months, away. We want to do this initial purchase just in case contrary news comes out and the market reverses back up.. we do not want to miss at least one buy at these levels.