CPT
Can you recommend an exit strategy? All I would know would be to look down and see the water up to my knees and jump!
Thx
GGAL
here are some charts that I did of the various funds, hope they help. I have provided daily and weekly charts. The weekly chart appears toppy, better have an exit strategy just in case.
The Chart Pattern Trader
C Fund Daily:
http://stockcharts.com/h-sc/ui?s=$SP...42&a=112452373
C Fund Weekly:
http://stockcharts.com/h-sc/ui?s=$SP...449&a=84657216
I Fund Daily:
http://stockcharts.com/h-sc/ui?s=EFA...093&a=87844496
I Fund Weekly:
http://stockcharts.com/h-sc/us=EFA&p...97&a=112720945
S Fund daily:
http://stockcharts.com/h-sc/ui?s=$EM...392&a=92954125
CPT
Can you recommend an exit strategy? All I would know would be to look down and see the water up to my knees and jump!
Thx
GGAL
Where's Ronald Reagan When We Need Him!!!
For some reason I get the feeling that this market may act like it did in 2004 after a big run up then correction.
Just when we thought there would be a breakout to make new highs ( I think some were saying cup and handle then too), the SPX flattened out and rolled over. I guess we'll see soon enough. I just said something positive about the F fund in that thread earlier today, but in the Spring of 2004 the bonds got hammered too.
SPX, Spring of 2004
spx 2004 1.jpg
Last edited by vectorman; 09-27-2007 at 06:00 PM.
Spx, 2007
spx 2007 1.jpg
Last edited by vectorman; 09-27-2007 at 05:54 PM.
VIX, Spring 2004
vix 2004.jpg
VIX, now, 3mo chart, is it at the bottom? Or will we test 15?
vix 2007 3mo.jpg
It will be interesting to see where the SPX ends up a week from now.
Cup and Handle pattern?
spx cup mod.jpg
http://stockcharts.com/school/doku.p...up_with_handle
Elliott Wave Theory?
spx 10-3 mod 1.jpg
http://www.prognosis.nl/web2002/supp...rinciple2.html
Double Top? Or none of these.
spx 10-3 top.jpg
http://stockcharts.com/school/doku.p...rns:double_top
Griff just explained the worst case scenario double top for me on his account talk.
"Don't let your highs get too high and don't let your lows get too low." Bullitt’s Market Blog
From Oct 4th.
Technical Charts of the Funds or Technical Charts of the Funds
still in play.
|
S&P 500 (C fund) 1d 5d 3m 6m 1y 2y | Dow Completion (S fund)
| EFA (I fund) 1d 5d 3m 6m 1y 2y | Bonds (F fund)
|
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