While this perceived lack of protection for investors is bad enough in itself, itbecomes an even more significant issue in the light of rogue activity by dishonest or bogus organizations.
If XLK can pull back modestly each time itbecomes overbought, the fund could find itself back in bull market territory without drawing the suspicions of traders looking to sell strength before the fund climbs back above its 200-day moving average.
The problem with tactical asset allocation is that it looks, sounds, smells, tastes, acts and feels so much like market timing that calling it anything but market timing becomes an issue in itself.
Notice how bolts and moving parts and gears start out as smaller, less dominant parts of the machines, but then come to dominate it with massive parts until even the form of the particular machine itselfbecomes lost amid that sinking into parts that seem to grow larger around us.