Interfund Transfer 6/14 for 6/15/05

[Spaf]

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tsptalk wrote:

Yes, that and the fact thatit is triple witchingweek. We have been getting one bad day on triple witching week lately and we've talked about the week following options expiration week beinghistoricallyweaker than a random week.

So it made sense to get out on the next up day.

Been rechecking $TRAN vs other indicies and vs The Dow Theory. Basically we have a contradiction: they are not confirming each other. Maybe too soon?

My indicators are becoming an erratic traffic light!

I don't guess it would hurt to sit on the sidelines for a while.

The AM market opened with a gap up, and krude was up! Someone is a rocking the boat!

Capital preservation is rule one. The G-fund could well be a safe move.

Thanks Tom! Spaf

 

[Spaf]

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vic wrote:

when interfund transfers are made, are you buying at todays closing or the
next daysclosing?

Depends on when U submitted the IFT! Before 12:00EST = COB that day. After 12:00EST = COB following day. OK! Spaf

 

[vic]

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when interfund transfers are made, are you buying at todays closing or the

next daysclosing?

 

[Guest]

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The spike after lunch was a battle between the shorts.

It was fun.

I bagged some big ones then.

Tom has it right the market action this week is really tough because it is a lot more then you see on the news. There is a whole world of other stuff going on that should be reported but is not.

Now you can see why there is a lot of economic data during trip witch week - it is easy to spin the data now.

I tried to explain that today in a couple post. I probably confused a lot of folks. So I will go back to just the vanilla stuff here. Should be an interesting day today. Short squeeze or sell off? Like gunfighters at the OK Coral - who is going to blink first?

Happy trading.

 

[tsptalk]

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Spaf wrote:

"As I mentioned yesterday, I believe this week could be the last hurrah for the market before we see a pullback. That may or may not turn out to be true but it is amazing how similar the 1994 chart is to today's chart."

Got anything else you would want to share?

Yes, that and the fact thatit is triple witchingweek. We have been getting one bad day on triple witching week lately and we've talked about the week following options expiration week beinghistoricallyweaker than a random week.

So it made sense to get out on the next up day.

 

[Spaf]

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tsptalk wrote:

It's just so tough to time it to the day.

OK! but why the move entirely to the G-fund? Is this the reason?

"As I mentioned yesterday, I believe this week could be the last hurrah for the market before we see a pullback. That may or may not turn out to be true but it is amazing how similar the 1994 chart is to today's chart."

Got anything else you would want to share?

Rgds! Spaf

 

[Guest]

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I agree.

Take GM and WMT out and the market was down very hard today.

The horrible sales report caused a short covering rally that forced us to buy stock .

GM up over 4 and WMT up nearly 3 - because of a weak sales report.

Does that make sense?

 

[tsptalk]

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It's just so tough to time it to the day.

 

[Mike]

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tsptalk wrote:

I am making my final move out of stocks this morning going 100% G fund (interfund transfer) before today's deadline.

The market is showing strength this morning and I will use it to move my remaining 30% I had in the S fund into the G fund.

You just caught another $0.09 move up in the S fund. :^

I probably should've held my position a few more days than I did - oh well, that's hindsight for ya.

 

[Guest]

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Good move Tom.

I was wrong.

Thought the experts would read the 5.4% yoy core inflation rate and trade on it.

Fed is no where near done. :shock:

Volume was horrible. We know what happens after low volume bounces .

 

[Guest]

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Hope the strength holds for you.

You should get .01 tomorrow in G fund.

The action now to me looks iffy. Do not think indexes will be up at the close.

But as you can tell I do not put myneck on the line here.

 

[tsptalk]

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I am making my final move out of stocks this morning going 100% G fund (interfund transfer) before today's deadline.

The market is showing strength this morning and I will use it to move my remaining 30% I had in the S fund into the G fund.