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  1. I'm in

    I'm in

    I've exited the F-fund and entered the I-Fund today. The decision was based on a multitude of factors, the most important being if we are going to rally, I want to get in ahead of the action.

    For AGG's hourly chart I mentioned Monday I was expecting a close within the pink area. Oddly enough, it gapped above the 50, 75, 100 MAs and an old trendline going back to June. That was cool except for the fact it trickled down for the remainder of the day and closed
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  2. I'm Not Comfortable

    It's been six days since the Seven Sentinels flipped to a buy signal. That's four trading days. Three of those four trading days were down. The one trading day (Friday) that we were up, was up big early on, but actually reversed into negative territory before reversing again and posting a moderate gain for the C and S funds. Fortunately, I did not try to front run the signal last week because divergences were everywhere in the charts. It was a good call as last Thurday's trading took a nose dive ...
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  3. Breaking it down

    Breaking it down

    On AGG Daily's charts we put in some more good news. If you recall, Sunday I mentioned I was somewhat encouraged by the spike in volume and bounce off the 75 SMA.

    Today we opened above and had a successful bounce off the 50 SMA. Based on this news I'll jump the gun and go with the assumption we've already put in our swing low and are ready to work on the next swing high. I've drawn in a Fibonacci extension projecting the next levels, it will be intersting
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    Updated 12-08-2009 at 02:13 AM by JTH

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  4. Stuck in Neutral

    A mixed sentiment picture probably contributed to a relatively dull day today. It was a choppy market with no meaningful swings in either direction.

    Gold and the dollar have been the focus lately, and Ben Bernanke indicated in some comments today that the Fed expects to keep interest rates low for an extended period of time. Apparently, last week's jobs number was cited as the reason for the dollar's rise and gold's tumble. Why so much attention was given to those jobs numbers is ...
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  5. The Charts don't lie

    The Charts don't lie

    Regardless of Friday's news induced market action prices can always be justified by looking at the charts.

    For AGG This is a large pullback for such a short period of time. I myself exited the I fund on December 2nd and entered AGG because I believed we would catch support at the 38.3% Fibonacci level which also coincided with a trendline from the 3rd to 1st previous swing low. Turns ouy this level didn't hold, so we tested the next lower level
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S&P 500 (C Fund)
S&P 500 INDEX,RTH (^GSPC)
DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)
EFA (I Fund)
iShares MSCI EAFE Index (EFA)
AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)
Source: https://finance.google.com/finance