I reduced my stock holding from 60% to 50% on the market close of Thursday. I'll continue to sell whenever there is a up push. I will sell out all my stock holding if the market can ever go above the high of 2011-05. If it really goes that way, then I'll take a vacation after cleaning up all holding.
On the other hand, if the market starts going down, then I'll start accumulate again. Increase my holding by scaling down all the way to SP 850 where it will be the point I'll hold 100% stock. And again, it really goes that way, then I'll take a vacation after getting fully loaded.