350Z's I fund thread OCT 07

[Removed1]

sometime you mentioned VIX to measure votility of the market,I just understand that if VIX is up,market will be down and vice versa..please correct if I am wrong and where that I can find the chart. TIA

 

[FUTURESTRADER]

sometime you mentioned VIX to measure votility of the market,I just understand that if VIX is up,market will be down and vice versa..please correct if I am wrong and where that I can find the chart. TIA

Intraday, that is correct, zimmy. $VIX is the symbol at www.prophet.net charts. It may be different at yahoo, bigcharts or others

 

[FUTURESTRADER]

dollar futures down $.167, making new low.

 

[350zCommTech]

dollar futures down $.150, making new low.

Yup, the I fund is getting a nice cushion from the dollar, but the Yen is continuing it's sharp rise from Friday's close. It's getting close to a dangerous area.

The markets might not bounce tomorrow.

 

[350zCommTech]

The next support for the USD/YEN cross is about another 1% down from here. If that does not hold, we might see this:

 

[FUTURESTRADER]

nikkei -476, bounced off of -542, or -3.27%

 

[James48843]

Japan now showing down about -2.25%,
CAC down -0.5%
DAX down -1.25%
FSTE down -1.44%


Monday morning hangover.

 

[James48843]

OK- Another day, another dollar.

Right now I is down -.54 cents, (plus +.22 cents FV from Friday), making it a down -.32 to start with today.

 

[ChemEng]

I am going to be out all this week to finish studying for my PE exam on Friday. Someone else will have pick up the estimates until next Monday.

 

[Removed1]

Intraday, that is correct, zimmy. $VIX is the symbol at www.prophet.net charts. It may be different at yahoo, bigcharts or others

Futurestrader..Thank you very much for the info.

 

[James48843]

Now bouncing back a little.

"I" showing down -.29 cents right now.

 

[Guest2]

I expect the I-Fund will do worse then the EFA by .37% or -.10 TSPcents.
Right now, that means a lose of .92% or -.23 TSP cents.
EFA=81.74 (-.55%)

Just My Guess

 

[James48843]

"I" fund now showing down -.39 cents.

 

[350zCommTech]

Down 28 cents, after a +22 cents FV.

 

[ChemEng]

Is anyone thinking of buying today?

 

[James48843]

350- how are you getting that?

I'm getting as follows:

Index change: ( -.38)
Dollar change: (-.24)
equals ( -.63)

plus +.22 FV from Friday, equals (-.41) cents

 

[James48843]

thinking about it, but nah, I'll wait another day to see how it pans out.

 

[350zCommTech]

Is anyone thinking of buying today?

I'm thinking C and S.

 

[Show-me]

Is anyone thinking of buying today?

Just did! One or two days, all in. Look out below! :worried:

 

[James48843]

The good news is that 1490 held twice today on the S&P. That is a good resistence, but I want to see if it will hold the rest of the day. If it does, then we are in good shape. If it doesn't the downside is great. The real hard stop floor isn't until down around 1400. There are a couple of price points between 1490 and 1400 that may act as breaks. 1450 being a solid one also.

On the other hand, if we get a good third test of 1490 and then it goes up by the end of the day, that may be a sign we've bottomed, and a turnaround is just around the corner.


I'm not anxious to jump back in until I see more solid evidence. I got burned in the July debacle by jumping back in too quick.

Fool me once, shame on you. Fool me twice....


My 2 cents.