Major averages fell Friday on higher, above average volume, this has marked major market tops in the past such as in 2000 and 2007.

Controlling risk is the most important rule in investing. Should the current correction continue, keeping stops tight and restricting buys to only the best risk/reward entries is wise. But should QE create a floor in the current correction with a resumption of the uptrend, new buy opportunities will emerge. Stay alert and flexible.

Life & Music & Trading

Prince, Tom Petty, Steve Winwood, Jeff Lynne and others -- "While My Gui...

today, one of the brothers is gone

for now, the path of least resistance is upward

you choose