C-fund

The C is looking inviting today at 22 cents below a recent high of 15.95. A flat or a down midday might trigger a buy to 100 C for me.
 
... it would look more enticing if it was at or above its 10 DMA ($15.80) or 20 DMA (15.75), if you trace a trendline from Nov 1st till now hitting the lows, this line will show the ideal buying points dating back to Nov 1st. Closing below that at 15.73 leaves a couple points of major resistance, the charted trendline and the 10 dma. With the econ news on slate, it doesn't look as good a buy as it did on 11/1, 11/27 and 1/5.
 
My last DCA was at $15.84 and if the next one is at or lower will be fine. The prospect of seeing $15.60 is probably remote but if it goes I'll get me a small bite again like on 1/5/07. Once it takes out $16.00 that becomes the floor and any cheaper pricing is wishful thinking. We could be looking at $17.00 within the next two months. I hate that big a move but there is no way to stop it. C fund is destined to be the 2007 outperformer. Don't tell anyone.
 
C fund looking stronger than "S" in the last couple of sessions, at least it seems to be holding better.

Could this be an indicator that the stretch is maturing?

As the guy standing on the soapbox down the street keeps telling me...

"The end is near.."
 
The support level for the S&P 500 (C) should be at about 1382, plus or minus two points.

If it falls below that level of resistance, the next level of resistance is at 1360, plus or minus two.

If it falls below 1360, our next level of resistance isn't until 1320.
 
We will blow downward through the 1382 at the open. I bet we pause momentarily at the 1360, and see if that holds. I bet it does, at least once today.

If it blows below that today, then the next stop is 1320. If 1360 holds, then we need another day or two to see if that is just a pause, or if that is going to hold.

See you after the open in the morning.....
 
That's two shots of resistance in the 1380 range. It did blow buy 1382 and continue down at the open, but now it's poped back up above that 1380, up to 1387.

Let's see if that peters out by noon, and starts the slide down again. My money is on it continuing the downward trend.

Sitting on the sidelines and watching.....
 
Yes, "C" is doing better than "S".

That's showing the flight to quality, as we're about to hit the 1380 for a third time now. If the "S" had also leveled, I'd say we were in for a pause and possible bounce back. But that is not happening, so it's still downward for the trend.

Since the "S" is not holding at all, I see the 1380 falling this afternoon, and lower by the end of the day. How much lower, we'll just have to wait and see.

Maybe 1365 today?
 
Nope- not 1365 today. 1374 on the close.

But again, it petered out in the last hour of trading, and sunk to a trading day low at the close.

Again- it will drop tomorrow.

Perhaps we'll hit the 1365 rough patch tomorrow. That could signal entry into "phase 2", but I still think we are on track for a 1320 before it turns around for good.
 
"The S&P 500 is now down about 6% from the peak and that is music to my ears. But there is that chance we might finally get that 10% pullback; something we have not seen since early 2003. That would be a nice gift for those of us who have been waiting for that elusive buying opportunity."
-- TSPTalk Commentary for 3/6


Blake: We're adding a little something to this month's sales contest. As you all know, first prize is a Cadillac Eldorado. Anybody want to see second prize? [Holds up prize]
Blake: -Second prize is a set of steak knives. Third prize is you're fired.
-Alec Baldwin Glengarry Glen Ross


Ooooo I want to be on the board so bad. Must resist. Must not touch the light - no- no (puts fingers in both ears ) LALALALALA
 
Re: 350Z's 2007 I Fund Thread

350z,I jumped into the C. My concern is the Euro. The dollar is oversold with the Yen and Euro. BOE meets this week also. http://yahoo.reuters.com/news/artic...3-07_09-12-36_L07298499&type=comktNews&rpc=44 ...
Investors are also keeping an eye on a two-day Bank of England interest rate-setting meeting, due for a decision at 1200 GMT on Thursday. Consensus forecasts say that the central bank would leave rates unchanged at 5.25 percent.
 
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