350Z's I fund thread OCT 07

[350zCommTech]

Heads up!

The Yen carry trade did a "blip", small unwind. It could get uglier in the afternoon, but I'm not sure if I want to catch a falling knife.

 

[Robo5555]

Heads up!

The Yen carry trade did a "blip", small unwind. It could get uglier in the afternoon, but I'm not sure if I want to catch a falling knife.

What should we do....what should we do....? Seems like a move to the lilipad by COB Thursday. You'all agree?

 

[Minnow]

What should we do....what should we do....? Seems like a move to the lilipad by COB Thursday. You'all agree?

Quick, move to Mexico before the Fed cuts rates again.... the dollar still beats the peso I believe :laugh::laugh:

I'm tired of the churning and I'm thinkin' lilipad too my friend!

12% may be a Spartan and face the horde alone -- big brass ones!

 

[12%ayear]

No need to panic. Watch the +fv this afternoon. Love smally caps for Thursday.

 

[350zCommTech]

What should we do....what should we do....? Seems like a move to the lilipad by COB Thursday. You'all agree?

No need to panic. Watch the +fv this afternoon. Love smally caps for Thursday.

Yup, the I fund should be avoided. Japan will not respond well to this morning's housing news and the rising Yen.

Predicting the market is 12%'s gift.

 

[fedgolfer]

Heads up!

The Yen carry trade did a "blip", small unwind. It could get uglier in the afternoon, but I'm not sure if I want to catch a falling knife.

FWIW, today is the buy day on the 3 day cylce, where traders are supposed to buy, at or below yesterday's lows... the objective is to be made last, in the afternoon. So, its assuming the lows will be in the afternoon too.

Also today is the 100 year anniversary of the 1907 crash... maybe Birchtree can tell us what it was like back then

 

[350zCommTech]

Current estimate:

Down 21 cents.

 

[James48843]

S&P headed south now-

1500 is a support level, the next stop down after that is 1490-ish. 1490 has held twice twice this week. Below that, we there is a long way till the next lower support level.

1500 is now being tested.

 

[fedgolfer]

Are anniversaries of crashes during bearish trends omens for the day? We have two significant anniversaries the past week 1987 and 1907... both days seem to be deep red. Are there any stats in STA or anywhere that support this or is it just a generalization? If so, note to self.

 

[350zCommTech]

Current estimate:

Down -26 cents.

 

[350zCommTech]

Current estimate:

Down 34 cents.

 

[James48843]

1500 fell. (S&P 500).

1490 held one time.

Now let's see if that holds again, or if it goes below that.

 

[350zCommTech]

Yahoo is messed up today. The I fund should be down between 34-38 cents.

 

[350zCommTech]

The bounce at 1490 was too cute. I'm going to G.

 

[James48843]

I've decided to wait one more day.

 

[350zCommTech]

Yup, the I fund should be avoided. Japan will not respond well to this morning's housing news and the rising Yen.

Predicting the market is 12%'s gift.

Yikes, I just realized how that might have sounded. What I meant to say was that predicting the market is 12% department, not mine. It was in response to Robo5555's question.

Sorry 12%.

 

[James48843]

Changed mind- dipped back into stocks, but only for a tiny fraction amount. I am thinking that tomorrow will be a good day to "average" back in a good chunk.

Anytime you can buy back at a lower price than you sold, it's a good deal.

The question become how good a deal does it have to be before you take it?

Deal, or no deal?


In the big picture of things- in two weeks I won't even remember what the price was today. A better price to buy than what I sold is a victory. Period.

 

[Birchtree]

We are forming a base from which to rally next week. This is actually healthy activity. Be right and sit tight is what Ferdinand is doing.

 

[James48843]

I think Birch is exactly right.

 

[Cortez]

We are forming a base from which to rally next week. This is actually healthy activity. Be right and sit tight is what Ferdinand is doing.

Personally I am going to the sidelines a day or two to verify that the base around 1490 holds. The risk of downside loss on a break of 1490 far outweighs the potential gain from any upside tomorrow. If it holds I am in 100% in anticipation of a rate cut rally next week.