Braveheart
Analyst
- Reaction score
- 12
Re: Birchtree's account talk
I still see the I fund below $20 and when you compare it to the C Fund or S Fund those prices are more realistic so in my opinion I now see the I Fund with a potential drop lower than the S Fund. The S Fund has a range of $17.50 - $19.50 and now the I FUnd will soon have a range of $18.50 - $19.50. That is based upon all of the factors today. The I Fund could see $19.75 before next week is over. I thought and posted back on August 9th this fund appears to be in trouble with too much going against it and that within a month it would be below $20. On August 9 - The I Fund about $21.00 in 6 days it is really going down hill. It loks like a good buy but until Japan gets going it won't.
The BPI (Bullish Percent index) went below 20% at the February lows - this condition is an intermediate term bullish sign. This bullish set up of stocks making lower lows and BPI makes a higher low (July 15th) occurred at the 1998 bottom and the 2002 bottom. The current positive divergence is much larger than the previous two bottoms and is a positive bullish sign. The market needs the large caps to lead the charge, but the small caps have shown some impressive strength across the board over the past few weeks - could be the kiss of death. The R2K advance/decline MCSUM is now above the zero line and has gained 1100 net points and has now equaled its October 2007 high. The NYSE breadth MCSUM is still trying to push through -500 on its way to the zero line. The run up in the dollar indicates that investors are seeing a light at the end of the tunnel for the beleaguered American economy. That means domestic consumption can pick up the slack as demand softens overseas. I'm going to hold my 30% position in the I fund.
I still see the I fund below $20 and when you compare it to the C Fund or S Fund those prices are more realistic so in my opinion I now see the I Fund with a potential drop lower than the S Fund. The S Fund has a range of $17.50 - $19.50 and now the I FUnd will soon have a range of $18.50 - $19.50. That is based upon all of the factors today. The I Fund could see $19.75 before next week is over. I thought and posted back on August 9th this fund appears to be in trouble with too much going against it and that within a month it would be below $20. On August 9 - The I Fund about $21.00 in 6 days it is really going down hill. It loks like a good buy but until Japan gets going it won't.