C-fund

[James48843]

Tomorrow not looking good. S&P Futures now showing down 60 points for tomorrow morning's open.
And, amazingly, that is exactly what the P&F chart has been predicting.

View attachment 3130​

Coincidence? Or fate?

 

[Rod]

Tomorrow not looking good. S&P Futures now showing down 60 points for tomorrow morning's open.
And, amazingly, that is exactly what the P&F chart has been predicting.

View attachment 3130​

Coincidence? Or fate?

BIG FAT FATE!

 

[Weather_n_Leather]

Where can I find information on how to read the various charts discussed in the message boards? I have heard about a P&F chart. However, I have no idea how to read it.

 

[Rod]

Where can I find information on how to read the various charts discussed in the message boards? I have heard about a P&F chart. However, I have no idea how to read it.

Go to Chart School!

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

 

[James48843]

Weather&Leather:

Here is a link to the simplified version of P&F chart school.

http://www.tsptalk.com/mb/showthread.php?p=132417#post132417

It's just a start, and it doesn't really cover where we are today, but it's a good learning tool to start with.

 

[weatherweenie]

+26 cents

 

[Barnstormer]

So one question to ponder is: If there is a bounce back, where should one be to gain the most? C, S or I?

We all wish we knew that answer! I'm untraditional, and generally go all or nothing. In the past, the I fund offered the biggest bang for the buck. In for 100%, I received untraditional gains ...then weathered untraditional losses before I could bail. Now I'm 100% F and only suffering traditional losses while wishing I had been 100% C! :blink:

Now I have to wait for the reaction to the FED's report tomorrow, before I decide where I want to be. :suspicious:

 

[Bullitt]

Now I'm 100% F and only suffering traditional losses while wishing I had been 100% C! :blink:

If one were a gambling man, the way he would play the fed meeting tomorrow would be with a 100% S allocation. All indicies have room to go before the prior trend's support acts as potential resistance, but the S has more headroom than C. S could potentially work out to be a +5% trade over the next few days even it hits resistance.

Best case scenario from here would be for the prior 5 year trading range to come back in play. Trendlines got out of control in 2006-2007 when they blew thru resistance of the major channel.

Bulls climbing the wall of worry, what else is new.

 

[James48843]

So is it time to move back in yet?

 

[Bullitt]

Depends on what camp you follow. According to Dow Theory, either DJIA or DJTA needs to hold their most recent lows (DJIA=11971, DJTA=4140) and then both need to move above their significant highs. Significant high for the DJTA would be 4997 and the DJIA would be 14164.

IMO it's going to be a while before we see Dow 14164. I think those lows are the more important indicator to watch if you are currently invested or looking to get invested.

Double Bottom? The Dow was only about 2% off it's closing low a few times last week. Techical signals, especially the most watched ones, rarely give an exact retrace.

 

[DCguy]

s&p's down 2.6% currently... at 2:41 pm. Everybody's out to sell..

 

[DCguy]

2:30 pm : 96% of the members in the S&P 500 are trading in negative territory. The market continues to tread along its session lows as selling interest remains strong.
Financials (-3.3%), energy (-3.1%), and telecom (-3.2%) are the worst performing sectors.
According to Reuters, the U.S. municipal bond market has weakened as hedge funds liquidate positions.DJ30 -287.54 NASDAQ -52.81 SP500 -32.41 NASDAQ Dec/Adv/Vol 2248/628/1.53 bln NYSE Dec/Adv/Vol 2646/426/932 mln

 

[DCguy]

down 3%!!

 

[Corvette]

Anybody jump into the C-fund today besides me?

C-fund is on sale.

 

[James48843]

$14.65 is the lowest price for the C fund since September 25, 2006.

And today looks like it will head even lower.

 

[weatherweenie]

$14.65 is the lowest price for the C fund since September 25, 2006.

And today looks like it will head even lower.

Hopefully 1278 on the sp500 will be close enough to the 1275 level everyone is talking about.

 

[weatherweenie]

Hopefully 1278 on the sp500 will be close enough to the 1275 level everyone is talking about.

Here we come to check out 1278 again.

 

[weatherweenie]

Here we come to check out 1278 again.

And down throught 1275.

Hold me. :worried:

 

[James48843]

Closes at 1273.

The sad thing is that there really is no reason for it to stop here. The last hour melted like butter. Yes, there was some money flowing in from the sidelines, but nothing that made a bounce back at all. We are only getting some pressure to slow the bloodletting, not any pressure at all to reverse direction.

It continues to look like we are on our way to the P&F chart's price objective of 1230 here.

View attachment 3499​

The 1270 mark equals the January low- and you'll see horizontal equality to that number. But there still is nothing that says we won't float down to 1230 on this particular down leg. I'm not sure it's going to go down that far, but at least for now, there is absolutely NO NEWS that I see in the markets that would prevent that. And we don't have a lot of significant market news scheduled to come out for a few days yet.

We continue with ...

DA BEARS.​

 

[James48843]

I just checked-

Incredibly SMALL volume today.

Which means tomorrow will be sucked downward a lot more.

We're going down.

Big time.