I must add that we are not developing so far the type of internals that would lead to a top by the 14th and that top may take till the 16th/17th, maybe even as late as the 20th. If we do not develop internal excesses, we might even be saved from a major October calamity. I was planning to slowly raise cash to 50% by the end of this week and into the 14th possibly even higher, but so far cash is at 26%, and I may delay the exposure reduction plan by a little.
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