12%ayear's Account Talk

yup..I is overbought, but..."what's overbought..." :) .The scary 'fear' keeps u coming back, balances out the 'greed'. EFA still has a shot at resistance of 83.62, but...maybe not on this run.
I look at it on a day to day basis. Talk to me tomorrow about the I Fund. I am staying away, call me chicken, at least I am a fat chicken..lol
 
Tomorrow PCE number could be very dangerous, Personal Income and Consumption. Any hints of wage inflation will spook the markets and add bad construction spending to that = sell-off
 
So how is it looking for COB today? "I" up ~0.30 Cents? assuming no FV. I was following the ebbchart this week, but missed my move yesterday out of "I", so I am "selling" "I" today, a +FV would be great.
 
Well I will take the +.39% and add it to my collection. Plan on moving to S Fund for Monday. Friday, I have a bad feeling of a sell-off and locked. Went to the sideline.:D
 
I'm sensing a selloff as well, but not till early next week. Bring it. Flush out some of the momentum buyers.
 
There seems to be a bearish tome for Monday. IMO, I feel we will break 14000s next week. I posted last month about this. that we will break the 14000s again this year when the market was trading at 12800s. The longs are in charge again for now. Also many will be going into small caps for the retail season or rather holiday season. However;be careful with earning season underway. Sub-prime is not over with and many banks will start to confess the truth with the earnings. There will be lower guidance.
 
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