mlk_man's account talk

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Rod said:
Check this out guys... the Nikkei actually shut down today b/c of a huge sell-off:

http://www.cnn.com/2006/BUSINESS/01/18/asiastocks.wednesday/index.html

It ended the day in the red -2.94%.

Gosh, I'm really tempted to buy in now... the price per share will most certainly drop under $18 again.

WHAT TO DO???:rolleyes:
Click to expand...

Wish I was you. I'm 100% in the I fund. Ooooo the pain.:eek:
Or, I could be a smart ass and say "Just letting the rest of you get a good head start on the year." LOL NOT!

Anyway not looking good for the home team. Do I fall back or ride it out for another day? I will plan on OUT unless the U.S. market does flips over the CPI numbers or the dollar tanks.

Good luck all.:) ;) It's only a flesh wound.
 
Looking like a down day for the US markets also..........:(

Follow the system Mike, follow the system.............

Oh well, looking at the bright side, my system would of had me out of this current drop. :rolleyes:

I know Susan, I promise, NO MORE I FUND!!!!!!!!!

FYI, I have 1270 on the S&P as the next support area. If it holds, it might be a good place to try and jump back in. We might hit it today so I'll have to consider hanging in there.................:confused:
 
1270-1275 is support for the S&P so I'm gonna stick with the S fund for another day. The Russell 2K is only barely down so this is a good sign with all that's going on today.

I've lost all my gains for the month so I"m going to have to be more aggressive and try to anticipate the market instead of react to it.

Good luck all,

M_M
 
Show-me said:
Wish I was you. I'm 100% in the I fund. Ooooo the pain.:eek:
Or, I could be a smart ass and say "Just letting the rest of you get a good head start on the year." LOL NOT!

Anyway not looking good for the home team. Do I fall back or ride it out for another day? I will plan on OUT unless the U.S. market does flips over the CPI numbers or the dollar tanks.

Good luck all.:) ;) It's only a flesh wound.
Click to expand...

Nikkei is now UP over 2%. :cool:
 
Oh great, this just in from CNN breaking news:

- Al-Jazeera airs audiotaped message purportedly from Osama bin Laden warning that plans for attacks inside U.S. are under way.

:mad:
 
You may have noticed I went to the F fund for tomorrow. There's a few reasons for that. The funds have a tendency to jump around at support levels until it decides to go back or keep going down. With all the unrest going on, I'm thinking some peeps might bolt before the weekend. It gets me back on track with my system too............:)

Normally I would just stay in unless support is broken but I'm being more agressive in order to try to make some gains back up.

Good luck,

M_M
 
Can you define IWM and "the VIX" for me please? Saw these used in recent posts.

Also, what system do you use to define "support" for the S&P? I don't mean to ask you to give me a tutorial (and thus take too much of your time) but if you could spare a few words and I could go hunt up some charts/etc. on my own. Thanks from a newbie.

Basically I'm not understanding why the S Fund could have been predicted to do well.
 
ayla said:
Can you define IWM and "the VIX" for me please? Saw these used in recent posts.

Also, what system do you use to define "support" for the S&P? I don't mean to ask you to give me a tutorial (and thus take too much of your time) but if you could spare a few words and I could go hunt up some charts/etc. on my own. Thanks from a newbie.

Basically I'm not understanding why the S Fund could have been predicted to do well.
Click to expand...
Hi Ayla, IWM is an ETF that tracks the Russell 2000, which is an index of small cap companies. Our S fund is basically a mix of small and mid-cap companies. The VIX is sort of a "fear index". It tracks real time options prices on the S&P 500 and normally goes the opposite of the market does.

http://finance.yahoo.com/q/bc?t=2y&s=%5EVIX&l=on&z=m&q=l&c=iwm

Lately there have been days when both the VIX and the market have gone up. This signals an elert to me to be careful and why sometimes I jump into the I fund for a day or two. This move has typically back-fired on me and I won't do it anymore..............hopefully.........:D

As far as support, I just do graphs of different time frames. Be it 6-months, a year, 5 years, whatever and you basically draw a line from each low point to the next and extend it out to see where the next support point is. You can also use moving averages as support levels. Like if the S&P falls to it's 20-day moving average, this would provide support. Of course, it doesn't mean the S&P will bounce up from there, it just provides a point that it might.

Tom provides nice charts on his market comments and this might help you.

Good luck,

M_M
 
mlk_man said:
You may have noticed I went to the F fund for tomorrow. There's a few reasons for that. The funds have a tendency to jump around at support levels until it decides to go back or keep going down. With all the unrest going on, I'm thinking some peeps might bolt before the weekend. It gets me back on track with my system too............:)

Normally I would just stay in unless support is broken but I'm being more agressive in order to try to make some gains back up.
Click to expand...

So far so good. I'll be moving back to the S fund this morning. This is a system generated move, so I'll be back on track. No more I fund.........

Good luck,

M_M
 
Well, I hate to break my promise to Smine but I don't believe that EFA today and my system hasn't generated a sell yet so I'm moving 50% into the I fund and hope to catch it on a down day and 50% into the F fund for safety.

I'm still being aggressive trying to get back that nearly 2% I lost by playing the I fund before. Not for the faint of heart........:eek:

Good luck,

M_M
 
Good luck Mike, I see you only hate the I fund half as much for tomorrow. I thought I'ld tag along for tomorrow, so I see if my heart can take it.:D
 
Thanks Vector, good luck to us both! I probably should of kept the other 50% in the S fund but with the F being down today and also playing the I fund, guess I was just being conservatively aggressive........:rolleyes:

Gotta go check on my truck. See ya'll tomorrow......or tonight.....:)
 
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