Thread: Transfer 5/26/ for 5/27/04

Tom just a comment

What ignoring th I fund ?

I think C and S will do better. Just a hunch because of the dollar which should rise after coming down for about 2 weeks.

Haven't seen you for a few days PR.

I'm actually rooting for some selling today. A nice 50 point drop in the Dow would be healthy for the overbought condition. Then the rally can resume tomorrow when I'm more fully invested.

tsptalk wrote:

I'm actually rooting for some selling today. A nice 50 point drop in the Dow would be healthy for the overbought condition. Then the rally can resume tomorrow when I'm more fully invested.

/me chuckles.

So how much of a run-up by, say, Jun 2, would you consider to be "too much, too fast" and sell?

A lot of strong companies on my watchlist (and portfolio)are taking off very rapidly, i.e. SCSS, RHAT, WBSN and have put daily stop limits on them to sell on a huge jump.

Rolo wrote:

So how much of a run-up by, say, Jun 2, would you consider to be "too much, too fast" and sell?

This may be too optimistic, but we should find resistance at the 1135 and 1150 area on the S&P 500. And actually, the strongaverages run through the first 5 trading days of June. I'll post June's chart when I get home later.

I'm already there, 30C/70S (edited)

Gotcha...so exit plan possibly for Jun 4 or 7. Ya! I'll go with that, speculating that the MACD will be like it was those two weeks in April. (heh...sound like I know what I'm talking about? 'cos I really don't.)

I was thinking 1155 also, same as before, small pullback, then, hopefully, the resistance becomes support and not another three-month trading range hoop-de-doo.

I am thinking that the leading stocks which are jumping, if they do not forfeit all of their gains and only pull back slightly, then that is indicative of iminent market performance, a litmus test. You think?

Yeah. At this point is seems like we have had role reversal, bears are covering short positions on the pullbacks causing the market to stay up. It may be too early to tell though.

By the way, 70% I fund? I guess you aren't buying my dollar theory. :u

D'oh!

See, this is why I am 'bad' at 'math': Something goes awry from the brain to the fingers, hehe.

eeeeeeeSSSSSS

Plus, I'm nervous around new people. :shock:


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Yes, your dollar theory and interest rate knowledge are why I am in the C fund, which I had no use for hitherto. Pat yerself on the back!

tsptalk wrote:

Rolo wrote:

So how much of a run-up by, say, Jun 2, would you consider to be "too much, too fast" and sell?

This may be too optimistic, but we should find resistance at the 1135 and 1150 area on the S&P 500. And actually, the strongaverages run through the first 5 trading days of June. I'll post June's chart when I get home later.

As promised...


Chart provided courtesy of http://www.sentimentrader.com

Hello folks:

Since going ultra conservative (for me) a few weeks ago (21C, 21S, 21I, 37G), I have been gradually moving back into a higher allocation to stocks. Tom's advice to buy the dips worked very well. I have only been buying when all of the stock funds are in the red (preferably when S and I are down more than C). Currently, I'm up to 81% (32C, 25S, 24I, 19G). I would like to continue to increase my stock allocation to about 90% stocks (36C, 27S, 27I, 10G). I have been overweighting U.S. stocks more so (I usually split the stock $$ equally between the 3 funds). Also, I have been allocating slightly more to the less volatile C fund. I am at an impasse. We have seen a lot of green lately and I am wondering if any red is on the horizon. I guess I will just stick it out and wait for a red day. Of course, if things keep going up, the inevitable red day may still be more expensive than today