Agree, but I've been waiting to really shift when the weekly index charts were at an attractive buy point. Otherwise, switching to a longer term strategy late in the cycle involves taking quite a bit of risk with stop levels (the end of cycles is characterized by increasing pattern failures until almost everything eventually fails...and I'm just talking about a normal corrective phase). Of course, I never dreamed I would be waiting so long.  Quantifying "late in the cycle" is a lot harder than it sounds.