Why I haven't held this much cash for years

Is this a fake out or a real market rally to chase? Gary Glover of Novus Capital explains why he's holding so much cash, has reduced portfolio positions and is weary of the Australian market's slow rise over the last few moths. Glover compares the markets to September 2007, the last time when this many warning indicators were flashing. Working the way up the risk curve Glover identifies some trading opportunities that come with a fair amount of risk typical for this late-stage movements. an interesting pick is Myer (MYR) and working through the basing pattern of that weekly chart.