IRA Investing: Mid-Term Still Looks Bullish

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I don't pretend to be able to forecast the market in the short run, so I don't have an opinion about the next couple of weeks. However, I do attempt to reduce risk by moving to cash if my longer-term or intermediate-term indicators weaken in a meaningful way. And while there has been some softening in these indicators, they remain in bullish territory.

Let's look at an intermediate-term indicator that attempts to forecast market direction over the next two to six months. This is the CBOE Put/Call Ratio, which measures the ratio of put volume to call volume in individual issues. ...