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Or you can now use TapaTalk again!mlk_man's account talk
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mlk_man
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Rough week huh? The big drop was really surprising, but it happens. When the S fund hit 13.86 on Thursday, I thought this might be the bottom since we hit 13.91 on Jan. 24th. Didn't happen and I should of gotten out immediatly but figured I was already in deep so might as well wait till Monday.I'll see what happens this morning.
Here is a quote from a newsletter:
[font="Times New Roman, Times, serif"]"Another day when looking at the various indices’ charts made you wonder if something was wrong with your eyes! While checking Yahoo’s global markets page, I couldn’t help but notice that all but two indices were in the red.[/font]
[font="Times New Roman, Times, serif"]Wave analyst Harry S. Dent commented today: [/font]
[font="Times New Roman, Times, serif"]“The extreme bearish sentiment from the American Association of Individual Investors […]is now at 188% bears to bulls. This extreme is only consistent with a major market bottom. With the failure to hold support levels yesterday and today, it is increasingly likely that we will see a sharp drop of 2% to 5% early next week and put in the bottom for this year between 9,700 and 10,000 on the Dow.”[/font]
[font="Times New Roman, Times, serif"]According to Dent, a drop of this magnitude early next week would represent an extreme buy signal: “After such readings in the past the markets have advanced 27.5% on average, and as high as 40%, in the 52 weeks to follow. That would be totally in line with our expectations of a new high in the Dow by early 2006, and targets as high as 14,000.”[/font]
The mistake I made was trying to "predict" the turn around instead of waiting for my system to tell me too. I get too aggressive at times and it kills me................
Depending on how things look around 11-ish, I might jump to the F fund today.
I'm now focused on getting my damn money back! Just remember, it's a marathon not a sprint............:^Once I get up again, I'll try to be more conservative........
Good luck,
M_M
mlk_man
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Thanks CSI, me too!! But, I'm moving to 100% F this morning. I'll probably jump back to stocks tomorrow. I'm rooting for a core CPI on Wed. of .2% or lower. Prior reading was .3% and anything equal too or under should help ease fears and help us rally. The core PPI tomorrow is iffy. Hence the one day retreat.
Good luck,
M_M
mlk_man
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Figured I should justify my latest moves for everyone. Or not...........
What I have been doing has nothing to do with my system. My system produced a sell signal on 4-6-05 and gave a buy signal on 4-14-05 when we hit 2% under the 63-day moving average. What I have been doing is trying to incorporate current events and issues into the mix to maximize earning potential. Well, as we all know this has failed miserably..........
For instance, the reason I went 100% F for Tuesday and missed the up day, was because the PPI was supposed to be lower than it was. I planned to jump back in the S fund, which I did, on Wed. because the CPI was supposed to be better than it was. It wasn't and I got burned again.
I apologize to anyone following my moves but I was told that by incorporating current issues into my system it might increase my returns. Well it hasn't although it may in the future. I'll have to study it more. Anyway, I'm going to go back to just doing what my system is telling me. It is now telling me to be in stocks.
Good luck,
M_M.......OUT!
mlk_man
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grandma wrote:
Ohhhhhhhhh, you just had to mention fuel prices didn't ya? I drive 120 miles a day and only get about 18 miles a gallon, it's killing me! Can't wait till those Jetson mobiles come out...........http://www.moller.com/skycar/
I'm trudging trying to locate that rally. Gotta be around here somewhere...........or not.
M_M
mlk_man
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Wow, I sure hope today is one of those days that the EAFE takes a hit but our I fund doesn't..............:shock: The ole' milkman don't wanna be takin' no mo' losses........
I'm gonna give it one more day I think..................I hate the I fund!! :^
Good luck,
M_M- Status
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