Interfund Transfer 7/31 for 8/01/07

[tsptalk]

100% F

The S&P made it to 1488 and backed off. I would have liked to have seen it get over 1490. The sellers seem to want to come in on strength. I'm making an interfund transfer to 100% F fund this morning.

 

[vectorman]

So your not going to leave alittle in? And your going opposite of the Sentiment Survey which has done great so far.

http://www.tsptalk.com/mb/showpost.php?p=85393&postcount=1

http://www.tsptalk.com/mb/showpost.php?p=106509&postcount=48

 

[tsptalk]

That would be the smart thing to do, but you know me.

I have a hard time with mixed allocations. If I'm 50% G or F, and 50% in stocks, I don't know if I want the market to go up or down. For me to be comfortable, I have to either believe the market is going up, or down, and I have a suspicion that the market will turn right back down after it comes out of th oversold position.

I am happy with the 1.75% gain in the last 2 days (if it holds). I don't like going against the ebbchart but the sentiment survey does have a tendency to be early. I'd be curious to see what the survey would say today if this 1.5% to 2% relief rally holds. Remember that Trader Fred is still smelling a rat. The strength chart is showing no signs that a near term rally will hold.

 

[vectorman]

I hear what your saying ( yes, I do know you, but I still say your moves are different now than in the past:laugh, and it is nice to take the sure money and run. I smell a rat trap too, and I think the big boys want to convince the retail investor that now is their time to get in. So I guess we now watch the volume, $vix, and the climb up the wall of worry again.

 

[350zCommTech]

I have a suspicion that the market will turn right back down after it comes out of th oversold position.

I hear what your saying ( yes, I do know you), and it is nice to take the sure money and run. I smell a rat trap too, and I think the big boys want to convince the retail investor that now is their time to get in. So I guess we now watch the volume, $vix, and the climb up the wall of worry again.

The Nasdag 100 is barely hanging on(currently down .2%). That's got to be a red flag?

 

[weatherweenie]

That would be the smart thing to do, but you know me.

LOL!

If you can't laugh at yourself, someone else will.

 

[tsptalk]

Anybody else starting to hate the noon deadline? We could have booked a nice gain this morning.

 

[ou81200]

Who's in for capitulating. They've got my vote.