Playing the I fund

[FUTURESTRADER]

Europe is red across the board this morning.

While the Nikkei is up, the dollar is too against the Yen, and should just about cancel out that move.

Could be a red day for "I" today.

EFA prior close 71.29, today 9:03 a.m. bid 71.33 ask 71.63

 

[350zCommTech]

Early estimate:

down .336% or 7 cents.

 

[Robo5555]

Looks like an ugly day!!

 

[Eagle_Addict]

Certainly possible, but who really knows for sure. TSPTom is G fund and I would suspect RevShark is too. I am leaning that way but missed my IFT deadline Friday. I will reevaluate my position this morning.

Seems like a good day to be a "g" Fund person!!!!!!!

 

[ayla]

For those who find the EFA data "useless", wanted to provide data showing that bottom line, the EFA data does appear useless IMO if used for tracking on a daily basis.

I've attached a data file that shows both the Ifund and EFA fund plotted since January 2005. I normalized the EFA data (by a factor of 1/3) so there would be better granularity showing the differences.

Looks to me like the EFA tracks the trend of the Ifund very well but I'm seeing a much more jagged path for EFA. I think that means on a daily basis, the EFA and Ifund can be a fair amount different, so much so that using the EFA quote would be very misleading for day to day trading.

I could create a file that started from January 2006 til now which would show the jagged difference better but hopefully this will be clear enough. Let me know and I can fairly easily post one that is for a shorter (but still recent) time interval.

I haven't uploaded an attachment before so if it doesn't appear, I may have to do this again.

 

[nnuut]

Good long term, not on a daily basis!

 

[350zCommTech]

down 1.31% or 28 cents.


hmmmm. I got to recheck my numbers...

 

[ChemEng]

I may have to bite a small bit if the loss is close to 28 cents... t minus 12 minutes.

 

[350zCommTech]

down 1.31% or 28 cents.


hmmmm. I got to recheck my numbers...

My apolohies, big typo.


Down .591% or 13 cents.

 

[sugarandspice]

I was contemplating an FV move today based on the idea that the market will fall harder this afternoon. But I think it would have to fall very hard(maybe double the current loss). I dont think the overseas would reverse action so it would be just a smaller loss so why risk it. I just hate missing out on a dropping dollar and no gains here.

 

[350zCommTech]

I was contemplating an FV move today based on the idea that the market will fall harder this afternoon. But I think it would have to fall very hard(maybe double the current loss). I dont think the overseas would reverse action so it would be just a smaller loss so why risk it. I just hate missing out on a dropping dollar and no gains here.

I didn't like the way Japn closed out last night. I agree the dollar will continue to fall but too much risk right now. Important EC numbers tomorrow.

 

[clester]

"Catch the falling knife " anyone? How far wiil will it go. I think everyone will run for the door asap accelerating the fall. Or will people buy the dip again?
I think its time for Tom's pullback.

 

[Birchtree]

Tom is probably waiting on Dow 11,500. And he'll have to keep waiting.

 

[Griffin]

Tom is probably waiting on Dow 11,500. And he'll have to keep waiting.

......for a least another couple of days

 

[350zCommTech]

My apolohies, big typo.


Down .591% or 13 cents.

MSCI says down .718% or 15 cents.


I was way off today. I was on the phone and in a hurry this morining. I must have made another mistake somewhere.

 

[sugarandspice]

Thriftline not giving it up yet.

G--
F+.01
C-.21
S-.38
I-.15

 

[Fivetears]

Still not

 

[Fivetears]

Still Not. My guess...
F $11.15 push
C $15.26 -1.39%
S $18.38 -2.12%
I $20.91 no FV -1.86%

 

[nnuut]

40 cents?????

 

[Fivetears]

All Asian markets are in the Red Zone.