Knowing,
Good luck whatever you decide. I got it wrong with BOVESPA (despite making shed loads) and thought that it looked toppy at 38000 and the thing just kept go up up up. The way I look at it - it's free to switch on a bid for bid basis - 100% cash means good sleep - and I can always monitor closely and buy back into the various markets.
On the other hand, if things go tits up $/€ and the US slows down further which I suspect it will, then the plan works and I can try to pick up bargains based on TA and newsflow etc.