imported post
I'm still contemplating my move, although crude dropped 58 cents a barrel & techs are rallying.
The dollar gained a bit against the Euro & Pound... but not too much. I'll probably stick with (I) until the dollar gains 3 days in a row OR gains 2 cents within 2 days. From my tracking, that seems to bewhen the downward trend for (I)begins.
For the Euro, on Mar 1, the dollar was trading at 1.3172.
It is now trading at 1.3195, down from yesterday's 1.324. So as you can see, not too much of a difference. To me, that's no cause for alarm. Then again, that's
just me. But if it is at 1.29 by tomorrow's close, then I may pull out of (I) OR buyinto the weakness.
This week may not be too bad, since there aren't any major economical reports duethat investors are waiting for. Combine that with oil dropping 58 cents a gallon, I'm not as nervous anymore.
Some interesting data:
2004 closing prices:
C= 12.91 NOW=13.06
S= 14.73 NOW= 14.75
I= 15.48 NOW= 16.02
As you can see, the (S) still has room to grow. Is this where we need to be??? Well, as of this writing, the NAZ is up 26.56. So, today (so far) would have been a great day to be in (S).
Once again, I don't use any fancy, shmancy charts to decide upon my moves. I simply try to track the dollar the best I know how, and combine that with a little bit of "gut feeling" & common
cents.
Effective Tuesday:
30G
10 C
20S
40I
God Bless:^