Panic and Blood and Mayhem

Ah-ooga, ah-ooga.

Please. As I read BigCharts.com the 200 DMA is right at 1200. According to the Bloomberg Terminal it is 1200.10. Right now we are below the simple 200 DMA and right at the exponential 200 DMA. This post will be exactly like a couple of other posts about this topic.

Today I took no action. Tomorrow I will see what happens. If the market does not take back its 200 DMA tomorrow I will sell some or all of one consumer name and one industrial name. These will both be domestic names.

I wrote before that I will ease into this. The market is down a little. The last couple of times this happened that market found support just below the 200 day. The only thing that really matters to me is the discipline to stick to my plan, not trying to be too smart and try to out guess whether this is or is not the turning point.