Rod
Well-known member
High Risk! Not for the faint of heart!
Shaking the dust off from hunkering down in (G) since July, I brought in the New Year by going 100 (I).
I would like this thread to become a quick reference for new (I) Fund highs.
We can specifically discuss recent highs and try to estimate the next top before a sell-off. Doing so will save us losses. I've been trying to do this since the new year and have made 3.31% YTD.
I don't claim to have a system. I simply pay attention to where the (I) price is, has been, & may go in proportion to where the dollar and markets stand.
So, let's get started!
A new high of 22.68 was set on Feb 2.
Prior highs:
22.66: Feb 1 (Rod sold)
22.53: Jan 24 (Rod sold)
22.45: Jan 23
22.44: Jan 3
22.22: Dec 29 (Rod bought)
22.21: Dec 28 (in G)
22.18: Dec 27 (in G)
IMO, for the (I) to break through higher than 22.68, it needs to fall lower.
So, the question remains... how much lower before it proceeds to climb higher, thus breaking through 22.68?
It's pretty easy to call "tops"- the highest a price climbs before it begins to fall-, but IMO it's much harder to call "bottoms"- the lowest a price falls before it begins to recover and climb.
The bottom here may be anywhere between 22.24-22.53 before it proceeds to climb higher. Remember, (I) was @ 22.24 only a week ago. This was 1 trading day before the 5-day run-up we just experienced. The high prior to 22.24 was 22.53. This is how I established my bottom range.
For illustrative purposes, the (I) could very well gain another .07 on Monday, bringing it to 22.75. But where will it go Tuesday? If it continues to climb on Tuesday, then a new high has definitetly been established. But if it climbs to 22.75 on Monday, only to fall to 22.60 by Tuesday, it's not considered a new high in my book. It's still fluctuating, trying to find its new high. I like to see two consecutive days of gains before I call it a new high.
Now, you may have a better method to your own madness. If so, by all means post it! That's what this thread is all about. It's not about me, it's about us working together as a team to beat the pants off the (I)!
God Bless
Disclaimer:
I will be in a military exercise Feb 5-10 and will not be able to closely monitor the markets.
Shaking the dust off from hunkering down in (G) since July, I brought in the New Year by going 100 (I).
I would like this thread to become a quick reference for new (I) Fund highs.
We can specifically discuss recent highs and try to estimate the next top before a sell-off. Doing so will save us losses. I've been trying to do this since the new year and have made 3.31% YTD.
I don't claim to have a system. I simply pay attention to where the (I) price is, has been, & may go in proportion to where the dollar and markets stand.
So, let's get started!
A new high of 22.68 was set on Feb 2.
Prior highs:
22.66: Feb 1 (Rod sold)
22.53: Jan 24 (Rod sold)
22.45: Jan 23
22.44: Jan 3
22.22: Dec 29 (Rod bought)
22.21: Dec 28 (in G)
22.18: Dec 27 (in G)
IMO, for the (I) to break through higher than 22.68, it needs to fall lower.
So, the question remains... how much lower before it proceeds to climb higher, thus breaking through 22.68?
It's pretty easy to call "tops"- the highest a price climbs before it begins to fall-, but IMO it's much harder to call "bottoms"- the lowest a price falls before it begins to recover and climb.
The bottom here may be anywhere between 22.24-22.53 before it proceeds to climb higher. Remember, (I) was @ 22.24 only a week ago. This was 1 trading day before the 5-day run-up we just experienced. The high prior to 22.24 was 22.53. This is how I established my bottom range.
For illustrative purposes, the (I) could very well gain another .07 on Monday, bringing it to 22.75. But where will it go Tuesday? If it continues to climb on Tuesday, then a new high has definitetly been established. But if it climbs to 22.75 on Monday, only to fall to 22.60 by Tuesday, it's not considered a new high in my book. It's still fluctuating, trying to find its new high. I like to see two consecutive days of gains before I call it a new high.
Now, you may have a better method to your own madness. If so, by all means post it! That's what this thread is all about. It's not about me, it's about us working together as a team to beat the pants off the (I)!
God Bless
Disclaimer:
I will be in a military exercise Feb 5-10 and will not be able to closely monitor the markets.
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