Maintaining: 100% G Fund
Well, I want to play, and I do think you will see another decent week and maybe even more, another 2 or 3 percent up wouldn't surprise me at all, in fact it could be even more, but I would caution anyone to be very careful. Major resistence is met at that point, approx. 1350 on the S&P will battle with the bulls and then 1400 would be all-out warfare. If you do get to 1400, SELL, IMO. I hate to be on the sidelines for this but my key indicator is that institutional money is still not buying, and in fact is selling. I struggle a little to see the forces that would get the market to move as it appears it will in the short term, but my spider-sense tells me it will, and there is little resistence between now and 1350 and momentum could very well take it higher. Still, that uptick is flying in the face institutional activity, extreme technical damage done already to the markets, and continued weakness in employment, economic growth, and housing. Where there is one Bear Stearns story, there is certainly another and that's all that will be required to send the market into a tailspin, again. I believe it would be foolish to think that the deterioration that has occured will be so short-lived, as if the realities that brought us to this point are somehow no longer in place. Once in a century moves by the FED might have been necessary and prudent, but it's good news in the broadest sense, not IMO for the short term.
I screwed up and made two IFT's and I don't want to make a third this month. I would probably buy in for this week if I could, and I will play it smarter for April, hopefully.
Well, I want to play, and I do think you will see another decent week and maybe even more, another 2 or 3 percent up wouldn't surprise me at all, in fact it could be even more, but I would caution anyone to be very careful. Major resistence is met at that point, approx. 1350 on the S&P will battle with the bulls and then 1400 would be all-out warfare. If you do get to 1400, SELL, IMO. I hate to be on the sidelines for this but my key indicator is that institutional money is still not buying, and in fact is selling. I struggle a little to see the forces that would get the market to move as it appears it will in the short term, but my spider-sense tells me it will, and there is little resistence between now and 1350 and momentum could very well take it higher. Still, that uptick is flying in the face institutional activity, extreme technical damage done already to the markets, and continued weakness in employment, economic growth, and housing. Where there is one Bear Stearns story, there is certainly another and that's all that will be required to send the market into a tailspin, again. I believe it would be foolish to think that the deterioration that has occured will be so short-lived, as if the realities that brought us to this point are somehow no longer in place. Once in a century moves by the FED might have been necessary and prudent, but it's good news in the broadest sense, not IMO for the short term.
I screwed up and made two IFT's and I don't want to make a third this month. I would probably buy in for this week if I could, and I will play it smarter for April, hopefully.
For fun?? 
