Time to time

The goods that we transport are invaluable. This is because we intend to transport them in the first place, otherwise we would just junk them. By association, the companies that transport our goods are also valuable. Thus, the Dow Transportation average is in many ways more important than several other global indices.

That the Dow Transports (Trannies if I may call it) have given up their gains of the past few sessions is precursor to a small correction. By no means an end to the comfortable rally of the past three weeks but we are only attempting to time the market and we all know that timing is key. A view, is a view, is a view, and unless you are Warren Buffet with very deep pockets which can hold onto large losses, timing is important. Heck, even Warren Buffet needs it despite all the fundamental investment, for if you invested in Berkshire Hathaway 12 years ago, you likely would have made nothing while wearing large volatility.

It's time to time a small correction and take some profit in existing equity length. Rebuy next week (at the risk of micromanaging the overall bullish position)