We could easily get a tho over. (throw)
If C fund closes up ~.50% at approx $15.65 it will be at the very top of the resistance line that extends back to 10/26 and 11/22 (those two dates being perfect times to sell). If the VIX gets close to 10, this short upward wave won't have much more push. Following the trends and charts until they break down... good luck to all, happy holidays!!!!
http://finance.yahoo.com/charts#chart3:symbol=^vix;range=3m;indicator=sma(8 20)+bollinger+psar+wpr(15);charttype=candlestick;c rosshair=on;logscale=on;source=undefined
We could easily get a tho over. (throw)
A solid break thru 1415 S&P could mean up-up and away.
And that's how I got my eye patch
We are currently at 1414.56 and only 12 points away from a new all-time high in the DJIA. That should easily be worth 10 points in the SPX. It's just like walking a howitzer - sometimes big guns do the best. If technology were to start attracting some attention the SPX could be at new all-time highs before June 30 '07. But that's a big if.
Hope it happens, tech seems to be warming slightly.
And that's how I got my eye patch
Sees a relatively bullish target for the S&P 500 of 1600 for 2007.
http://www.strategasrp.com/pdf/isr061220.pdf
I almost bought some C yesterday. Might do it today. I had 100% C for the first 15 years of my career. Hope yur right about the growth.
Mailmanusa,
Admire your courage to divulge that strategy in this environment. The sign on the door says TSPtalk and not TSPtimingtalk. Are you sorry for that strategy or were you rewarded where DCA time in the market can be more rewarding than timing the market?
Dennis - permabull#1
Birch, I need to correct myself and say that my first 10 years was all C. The compound return for that time frame is about 9%. Yes it was rewarding to earn that. I am also having fun trading and am doing very well for the first 6 weeks of tracking anyway. Timewise, my trading record is too short thusfar to compare to a 10 yr spread. I believe that protecting losses is as important as posting gains. The DCA game supports the trading game. With the idea that the market will always go up with time supports traders idea. I think it makes traders less skittish about moving around. I find trading exciting and so far it has been significantly rewarding. I am glad you support DCA.
Mutual funds inflow tend to be seasonally strong during the first quarter. To me it's liquidity that will be the main driver of new highs in 2007. The bad boy C fund will finally receive some accolades - just watch. I wish I owned more shares.
The SP500 has been bouncing around in a channel between 1408 and 1425 It closed at 1430.73 breaking through that channel. I'm a little gun shy for the action Tuesday.
[Do what you think is right and proper]
Back on thread #52 I mentioned that if technology were to start attracting some attention the SPX could be at new all-time highs before June 30, '07. Well, this week it was all Nasdaq. The Composite Index rose 2.8% to 2502.82, while the SPX finished the week up 1.5% at 1430.73. It looks like tech will lead for awhile and pull SPX along with it. Suits me fine.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
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