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  1. 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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  2. 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 01:13 AM by JTH

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  3. 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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  4. 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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  5. 2010: A new beginning...

    2010: A new beginning
    The January Effect & Barometer Concepts

    As we approach the new year, I'll be doing a 2010 series designed to get the new & old TSP investor off the a running start.

    The January Effect:
    Historically speaking, in the first week of January small caps over mid & large tend to rise in price due to investors selling before year's end so they can claim a capital loss on their taxes. An important thing about the January Effect is to remember ...
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