350zCommtech's Account Talk

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350z, now what? If the market holds this afternoon we should have ourselves a nice 1% profit in the I Fund. That's great. Should the market tank this afternoon, we still might see a profit even with a -FV. So would it be better to lock your profit today, exiting the I, or stay in the I one more day just in case there is a -FV today? We're riding the falling dollar and overseas markets and frankly, the dollar is overdue to strengthen a little. And the foreign markets have had some recent up days and could use a pause. Our market is way overdue for a drop. No major earnings released for tomorrow and the only economic news for tomorrow is the Chicago PMI which doesn't usually move the markets. I think I would feel safer locking profits today rather than taking another chance in the I Fund. With all due respects to Ebb and his tracker, it would really take big ones to jump all in the I for tomorrow with that fund being up some 7 or 8 days in a row! But he does it constantly and comes out smelling like a rose. I'm in awe of his methodology. This is not a put down but praise for his tracker. Your feelings?
 
Boxholder said:
350z, now what? If the market holds this afternoon we should have ourselves a nice 1% profit in the I Fund. That's great. Should the market tank this afternoon, we still might see a profit even with a -FV. So would it be better to lock your profit today, exiting the I, or stay in the I one more day just in case there is a -FV today? We're riding the falling dollar and overseas markets and frankly, the dollar is overdue to strengthen a little. And the foreign markets have had some recent up days and could use a pause. Our market is way overdue for a drop. No major earnings released for tomorrow and the only economic news for tomorrow is the Chicago PMI which doesn't usually move the markets. I think I would feel safer locking profits today rather than taking another chance in the I Fund. With all due respects to Ebb and his tracker, it would really take big ones to jump all in the I for tomorrow with that fund being up some 7 or 8 days in a row! But he does it constantly and comes out smelling like a rose. I'm in awe of his methodology. This is not a put down but praise for his tracker. Your feelings?
Click to expand...

You analysis is sound and logical, but the market right now is very irrational. Tomorrow might be up again for the last day of the quarter, but why be a pig?

I'm don't want to discuss the Ebbchart here. All I'll say about it is that it's based on historical price trends.
 
NyteTracker said:
ISM Mfg index reports Monday. If it follows unemployment, it should be a positive for USM's. just my 2c
Click to expand...

A good number will not help a rate cut cause. The market appears to be rolling over. I'm sensing a big sell-off next week. Perhaps as early as Monday.


I fund up 13 cents.

F fund up 2 cents.
 
The I fund is getting close to +FV due to the dollar's free fall.

The crashing dollar will add to inflationary pressures. This will hold back the F fund.

F fund now up 1 cent.
 
Maybe there's a correlation between Rex Grossman's career and the dollar? Let's hope Greise is as good as GLD.
 
fedgolfer said:
Maybe there's a correlation between Rex Grossman's career and the dollar? Let's hope Greise is as good as GLD.
Click to expand...


Yeah, I sure hope Greise is the answer. Especially for this Sunday's game against the Lions. A good friend of mine is a big Lions fan and if the Bears loses....well, it's going to really suck.:D

F fund now even.
 
... if the $ fell a healthy chunk after the cutoff, could they give a minute FV based on the dollar even if the indices themselves don't warrant a FV?
 
Good thing this came out after the bell....

Online bank NetBank closed by U.S. regulators
FDIC to oversee customers' access to insured funds

By Robert Schroeder, MarketWatch
Last Update: 6:11 PM ET Sep 28, 2007

WASHINGTON (MarketWatch) -- U.S. banking regulators shut down a Georgia-based online bank on Friday due to high levels of mortgage-related losses.

The Office of Thrift Supervision closed down NetBank Inc., a thrift with $2.5 billion in assets, and appointed the Federal Deposit Insurance Corp. as receiver.

The OTS said the bank experienced significant losses beginning in 2006 due to defaults on loans sold, weak underwriting, poor documentation, a lack of proper controls and failed business strategies.

It was only the second bank failure in the past three years.
The FDIC said ING Bank has agreed to assume $1.5 billion of the failed bank's insured deposits.

NetBank had about $109 million in 1,500 deposit accounts that exceeded the federal deposit insurance limit of $100,000. Those customers will become creditors of NetBank's receivership, the FDIC said.
http://www.marketwatch.com/news/sto...x?guid={2C2554DF-13FF-4819-82B9-B4377D924C07}
Click to expand...
 
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