Today I lightened up to 78%-22% cash equity ratio because I think that a turnaround is imminent. Yesterday the Dow gapped up after the Fed news, but ended up closing down, which is a classic distribution pattern (i.e. when sharks offload to lambs at inflated prices). Today, last minute buying drove the KLCI up at the last minute, which represents a positive divergence, and my cue to sell off even more.
