After Friday's 208pts fall on the Dow, we expect regional indices to follow suit this week. There is a chance of a rebound taking place either today or tomorrow as intra-day indicators are severely oversold. Nevertheless, the rebound is not expected to be very strong and I expect further selling pressure to set in later in the week. Any rebound right now is a chance to take profits. Investors should not take on any more risks at this point in time and in fact, he or she should be reducing it to the minimum.
As for my portfolios, I am going to continue to keep cash right now. Buying is no-no right now.
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