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Volatility has picked up overnight (Bitcoin down 31% then up 33%) and today Technology has bounced in our market. Was that the bottom or a pick up in volatility that says "Watch out"? Hard to know. We've been watching our market sentiment indicators and they are all coming off the top, or in the case of gold, off the bottom. See the newsletter for a list of them plus charts. We have been selling Technology (selling 'exuberance') and buying Gold (buying caution) this week and today we are also taking our overweight holdings in resources down to neutral holdings (selling a bit) as the iron ore price froths over and the sector falls 5% from the top of the range.  Quietly cashing up as the market looks peaky.