350Z's 2007 I Fund Thread

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I think I fund will lose after tonights OS hit. Looking for a bounce tomorrow in the US equity market. After such a loss a buying opportunity exists.
 
Comment from article below:

Nikkei futures are indicating a 400-point drop on the open in Japan.



BOTTOM LINE: The Portfolio finished lower today on losses in my Retail longs, Internet longs, Biotech longs and Telecom longs. I added back (IWM)/(QQQQ) hedges in the final hour, thus leaving the Portfolio 75% net long. The tone of the market was very negative today as the advance/decline line finished substantially lower, every sector fell and volume was above average. Measures of investor anxiety were elevated into the close. Today's overall market action was very bearish. I think the fact that oil is breaking down again gives the Fed a bit more leeway to cut rates if necessary. However, I still do not expect a cut and expect economic data to begin improving very soon. Nikkei futures are indicating a 400-point drop on the open in Japan. The fact that the major averages were unable to bounce into the close likely indicates more weakness tomorrow morning. I still believe, based on the action today, that sellers are beginning to use up their firepower. Today’s losses were likely exaggerated by this week’s option expiration.

http://hedgefundmgr.blogspot.com/
 
Of the top decile last week, 6 are 100I and 2 are part I for tomorrow:

Beavis
Safety
Swamp
Copter
Ebbenflow
50 Mercury

And:

Faustus = 50 I
Russell = 25 I

Maybe they know something!

GA
 
G--
F+.03
C-.31
S-.30
I-.40


Bout -.25 FV?

AORD down 1.68% as I speak

My guess of -.30 to -.35 cents FV was way off because I forgot all about the daylight savings time extending our noon cutoff. The big dip happened after 12:00 PM. My calculation was made from noon to close of market. Sorry about that. :D
 
I think I fund will lose after tonights OS hit. Looking for a bounce tomorrow in the US equity market. After such a loss a buying opportunity exists.

Can't remember how it panned out a couple weeks ago, but seem to remember that after a big down day the markets went higher, only to sell off late in the day.
 
Can't remember how it panned out a couple weeks ago, but seem to remember that after a big down day the markets went higher, only to sell off late in the day.

Here is a quick way to get intra-day data. Use OHLC, the tick to the left is the open and the tick to the right is the close. Quick way to detect a pattern. Use this link for the S&P chart.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=2&dy=0&id=p81182432165

Here is the chart school link.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:what_are_charts


Bar Chart

Perhaps the most popular charting method is the bar chart. The high, low and close are required to form the price plot for each period of a bar chart. The high and low are represented by the top and bottom of the vertical bar and the close is the short horizontal line crossing the vertical bar. On a daily chart, each bar represents the high, low and close for a particular day. Weekly charts would have a bar for each week based on Friday's close and the high and low for that week.
charts-4sunw-hlc.png

Bar charts can also be displayed using the open, high, low and close. The only difference is the addition of the open price, which is displayed as a short horizontal line extending to the left of the bar. Whether or not a bar chart includes the open depends on the data available.
charts-6sunw-ohlc.png

Bar charts can be effective for displaying a large amount of data. Using candlesticks, 200 data points can take up a lot of room and look cluttered. Line charts show less clutter, but do not offer as much detail (no high-low range). The individual bars that make up the bar chart are relatively skinny, which allows users the ability to fit more bars before the chart gets cluttered. If you are not interested in the opening price, bar charts are an ideal method for analyzing the close relative to the high and low. In addition, bar charts that include the open will tend to get cluttered quicker. If you are interested in the opening price, candlestick charts probably offer a better alternative.
 
Now down 400 and the yen briefly dipped down below 116 again. A break below 114 could be trouble.
 
Now down 400 and the yen briefly dipped down below 116 again. A break below 114 could be trouble.

Yup, resistance is at 115.20. That was where we saw intervention from you know who, which was immediately followed by a dead cat bounce in the markets last week. With the Japanese GDP revised even higher and the possibility of lower revision to US GDP, along sub prime problems, 115.20 might not hold this time around. With USD/YEN currently at 116.20, we could at least see two more days of selling in the USM. That is assuming 115.20 holds. I agree with Tom, A break below 114 could be ugly.
 
06:20 am : FTSE...6075.80...-85.40...-1.4%. DAX...6516.72...-107.27...-1.6%.
06:20 am : Nikkei...166676.89...-501.95...-2.9%. Hang Seng...18836.93...-496.21...-2.6%.
 
Of the top decile last week, 6 are 100I and 2 are part I for tomorrow:

Beavis
Safety
Swamp
Copter
Ebbenflow
50 Mercury

And:

Faustus = 50 I
Russell = 25 I

Maybe they know something!

I have the early I-fund estimate at -2.4% + ~1% FV correction... - $0.30 ...OUCH!

Is Gilligan due back today?
 
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