With QQQ now below its 30 week average, the Stage 2 up-trend is in serious jeopardy. I have begun to transfer university retirement accounts out of mutual funds. I do not want to give up the substantial gains they made the past 2 years. I would rather be safe than sorry. If the market holds I can always reinvest. If the 30 week average should curve down, I will take all remaining funds out of stocks. That strategy saved me from most of the declines in 2000 and 2008. The 30 week average is the solid red line in this chart. The last time QQQ closed the week below the 30 week average was last September, for one week only. Tops usually take a few weeks, with false rallies, to set up so I may be early. Youths under 30 can wait out any significant decline. I can’t.
