OK I Fund Dogs Where Are You?

imported post

smedlap wrote:
Coolhand, good morning. The dollar may firm in the short term but the truth of the matter is that the $ will weaken for a long time to come. Only those that travel to Europe see that as a problem. Now, we love our dollar. But our dollar does not know us. Dollar will weaken minimum 7% this CY which means an equal kicker to the I fund (an equal fund to the stong C and S). The historic charts of the funds reflect such over the past 2 years - equal strength and dollar weakness. We have a great economy and I see job growth during the next 2 month reports. I'm out to G Jun unless something dramatic occurs. Tom has called the market well according to historic charts / data. But it has been erratic because Warren has been played against the dollar, so the weak hands are not there. I just think the I fund and patience are the current and near future play. We areconsumers and remain such becauseour economy is in great shape! Appreciate your charts and your plays. I am sticking to a steady hand only because I do not see the steady growth waves experienced during Nov - Jan where one can jump back and forth. Right now, one can leave I fund for a seeminly better near-term C or S fund opportunity only to get hit by a surprice increase somewhere. Patience and lets see if we can get the 8% annual growth plus 7% kicker. I would be very happy with this come 31 Dec!!!



Nice morning - work!! Thanks Tom, I see you in G trying to give best advice - and you are!
As usual Smedlap, you offer great advice. Patience, that's something I have to work on. I'm getting there though. I'm still learning.

I agree with your assessment, I like the I fund too.
 
imported post

As of 2:15 CT 11 March 2005

Over at www.barcharts.comEFA was a 96% buy. The stats looked good. Notice the MACD is even widening!

Attachment.

Rgds :) Spaf
 
imported post

Coolhand and Spaf, Nice to see you both. You guys are hard at work and you will be the most informed as time passes. Interesting to see - I think we picked up a positive 0.5% even though the EFA refelected a slight loss. The other funds got hammered less G fund. I think we are in for a ride these next months. I have a difficult job so I am often not near the action. Nice to see you both active and Tom. Wonder what happened to Puerto Rico and Chaplain?? Nice weekend guys!
 
imported post

smedlap wrote:
Coolhand and Spaf, Nice to see you both. You guys are hard at work and you will be the most informed as time passes. Interesting to see - I think we picked up a positive 0.5% even though the EFA refelected a slight loss. The other funds got hammered less G fund. I think we are in for a ride these next months. I have a difficult job so I am often not near the action. Nice to see you both active and Tom. Wonder what happened to Puerto Rico and Chaplain?? Nice weekend guys!
Puerto Rico is lurking, but Chaplain left a month or so ago. Things got too negative for him I think. Shame. I reallyappreciated his insight.

See you next week smedlap. Check in as often as you can.
 
imported post

coolhand wrote:
smedlap wrote:
Coolhand and Spaf, Nice to see you both.
See you next week smedlap. Check in as often as you can.
Yah! Checkin smed! Will be at the hanger bar washing off all the whipsaws. Went over to the G-fund, where all the bulls were asleep and snoring. Wow! Left there and dropped about 15% in the I-fund to see if anything would bite! Trying to stay away from the red in US equities. Market kind of overcast and gloomy. Well the G-fund is warm and fuzzy at least!

Rgds!! :) Spaf
 
imported post

tspgo_com wrote:
I would be a little uneasy to be 100% invested in I. The I-Fund has been in a sustained uptrend for a while but it is showing signs of slowing down and possible reversal. It is slowly moving away from the upper trend line and approaching the base trendline. Watch the base trend line carefully. If It breaks it, trouble is ahead. I am expecting a sell signal any day now.

It looks as if you hit this right on the money. The I is below the 10DMA and dropping. I had made an IFT to 100% G just prior to the deadline this morning. Now I'll Wait and see.
 
imported post

.62 drop in the EAFE index on Tuesday???

This is confusing since the FTSE was up .5 and the Japanese market was barely down. Plus.........(from Marketwatch)

The euro briefly dipped below $1.33 for the first time in a week and was trading at $1.3308, down 0.4 percent.

Meanwhile, the dollar traded at 104.54 yen, down 0.4 percent, close to its value before the capital flow news

I'm waiting to see what the I fund did today, but am just a bit perplexed IF it goes down as much as .62. The numbers indicate a flat to slightly up day. What am I missing?

Oh well...any answers?

Rajun Cajun
 
imported post

The I fund picked up a nickle today.The dollar is not going to rally to any great heights in the foreseeable future (IMHO). That's why I like this fund right now. That and at some point we'll get a bounce in equities. Still, anything can happen. Let's hope we have no more anthrax issues or anything else of that nature influencing the market.
 
imported post

Yes, I am at the point of terminal confusion when it comes to the I fund? Down .62 today and makes 5 cents? Yesterday down .33 lost 14 cents? AmI wrong or just been dancing too much?:*I know the dollar gained today, but not that much! -$ -$ Not good! We will kill them tomorrow or roll further down the hill. Might have to join Tom in the "Good" fund.:!
 
imported post

Well, I played this a little different. I started out40% I on Friday and then another 20% Monday on that down day. I'mslightly aheadright now. I still have another 40% in G that I can use to mitigate lossesor add to gains as this market is impossible to figure out day to day. I am starting to look at this market in a more intermediate view now. That is, play the trends andnot the wiggles. Tomgives great adviceand I certainly understand why he is still 100% G.
 
imported post

"European stock markets finished higher Tuesday. In London, the Financial Times-Stock Exchange 100 rose 24.60 points, or 0.49%, to 4,999.60.

Germany's DAX index gained 20.39 points, or 0.47%, moving to 4,387.69.

In Paris, the CAC 40 index rose 29.19 points, or 0.72%, to 4,077.74.

Asian markets finished lower Tuesday. Japan's Nikkei-225 index lossed 29.16 points, or 0.25%, to 11,821.09. In Hong Kong, the Hang Seng index fell 90.10 points, or 0.65%, to 13,816.75."


Does anyone know how this news relates to what happened with I today?

Gawga Peaches Are Sweeter!

GeorgiaGal

 
imported post

No way Georgia Gal. Not me, can't you see? Must me the average of all modified by the fair value of the Dollar against the other currencies. Dollar up make more, Dollar down make less, lots less sometime, evidently. Someone explained this on the board the other day, but can't find the post.Who are YOU :#.
 
imported post

nnuut wrote:
Yes, I am at the point of terminal confusion when it comes to the I fund? Down .62 today and makes 5 cents? Yesterday down .33 lost 14 cents? AmI wrong or just been dancing too much?:*
I don't know why this happens, but it has been noted on this board before. Seems like there is sometimes a lag between the I fund and the EAFE quote. Over longer time frames they track well, but there can be some weird day to day discrepencies.

I just posted this in my account talk:

"...yesterday there was a big difference between the I fund and the EAFE. EAFE showed a loss of 0.62%, while the I fund gained 0.31%. That's nearly a 1% swing, and is not common. I have gone through the data as far back as I can, and see that such a big discrepancy is usually followed by a comepensatory discrepancy. That is, I expect the I fund to gain significantly less than the EAFE today, offering a good opportunity to buy back in. That being said, my charts show that 1) this is not true all the time, and 2) even when it happens, sometimes it takes 2 days."

I am betting that the I fund will do about 0.5 - 1.0% worse than the EAFE today to compensate for yesterday, and am using this as one reason to jump back to 100% I. My data are suggestive only, and I could easily get burned. But I am willing to take a shot. In any event, I still think I fund is a good bet medium term, barring any major downturn.
 
imported post

Let me give you my mrthod for calculating the I fund.



First look at the currencies. (I use advfn.com under FOREX tab). The EURO has the most weight, pound and Yen. I avg them. So say the EURO is .7 green

Now look at the FTSE (UKX), say its -.7 red.

In this case it would avg out to 0.0.

now look at nikkei and other euro stocks. if they have a negative slant sau nikkei -.5 and euro stock about -.5 then I use a lighter weight for these nd my guess would be the I fund -.2 .

You just can't use the EFA. It's usually way off.

As of right now FTSE is -1.4% and the euro is +.8 so we're at -.6

Nikkei was up a little and yen is stronger so I would give maybe +.2 which makes us now at -.4. The rest of europe is down also, so take back the .2 and we're back at -.6

-.6 of 15.95 = -.10 CENTS ON THEI FUND.

IT SEEMS TO BE PRETTY CLOSE, BUT OF COURSE IT ONLY A WAG.
 
imported post

clester wrote:
Let me give you my mrthod for calculating the I fund...
Clester, I don't think this is correct. I ran a correlation betwenthe I fund and EAFE index for all available data (june 2003 to present). The correlation is 99.6% (see attached file). What this tells me is that the I fund and EAFE do track nearly perfectly over this time frame without considering any correction for currency values. If currency fluctuations were at play, I'd expect a poorer correlation. It looks to me like the EAFE and the I fund both account for currency values in the same manner.

Instead, I think what is happening is some kind of time lag, or pehaps other short-term adjustments that affect how the two match up over time scales of days. But over weeks or months, the two match up nearly perfectly.

Dave
 
imported post

Just look how many time the EFA is off from what the I fund actually moves. Lots of time the EFA is +.5 and the I fund will be -0.5 cents. How can they be correlated? I'd say they're off 80% of the time. You have to use the actual EAFE fund price and you can't track that during the day. Its only posted once a day at about 7pm. (http://www.msci.com/equity/index2.html)

What I'm saying is that if you want to get a gage on the I fund during the day you have to something other than EFA ticker or any other ticker. They are not accurate on a daily basis. :cool:
 
imported post

I agree that the EAFE quote is not accurate for day trading. But, over time, the fluctuations even out and the correlation is very high, so the EAFE is fine for assessing longer term trends.:^
 
Back
Top