Trendlines

[Rolo]

What do you guys think of this? (attached)

I am thinking next resistance ~470.




Edit: the graph is from BigCharts.com. The java chart lets you draw lines on it. :)

[tsptalk]

I'd agree. The 445 area looks pretty tough too. It may take a few tries to get over that wall.

[Rolo]

I am hopeful in that we will see 446-447 on Monday, then up to 455-456 (late April's range), then finally a pullback. At least, when I pull this lever, that's what it says. :D

Does it look like you bought your shares back at a lower price, Tom?

[tsptalk]

Rolo wrote:
Does it look like you bought your shares back at a lower price, Tom?

I don't think so. I haven't figured it out yet but I think the drop I missed was less than the gain we had when I first backed off to 60% and 75%stocks.

So, I'm guessing I missed a .10 or .15 cent gain in S and C from the time I went to 60% stock back to 80% and now 100%. Oh well. I went into my 60% protection mode when I should have been less cautious. I should have been more optimistic as I have beenpreaching.:? I still like what the market is doing, even though it is currently overbought. It is looking good for the next half of the year.