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Here's a look at the market internals and one of my favorite indicators.
This is what that chart tell me, Around late August, you could get back in the market until later September. But the real entry point was around October 1- and you should have stayed there till mid January. Since mid January, it has been flashing warning signs. Then on the 18th, it flashed deep red. As you can see, we are nowhere near recovery.
PS If you want to understand what those indicators mean, head over to school.stockcharts.com stockcharts and read about them. Everything is listed on this picture, so you don't need to ask me.
As always, your reading of tea leaves may be different than mine.
Dividend Increase 3/12? The Board meets the second Friday of March and decides. My guess is an increase to at least 27 cents, if not higher. Much higher, due to the blowout earnings and looking forward to fill the equipment demand.