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Or you can now use TapaTalk again!Rod's Account Talk
- Thread starter Rod
- Start date
Rod
Market Veteran
- Reaction score
- 150
imported post
We may have to run for cover soon, with our "Gas masks" in hand.
You may have already heard- gas prices are poised to rise 20-30 cents a gallon over the next week.
Keep a close eye on those oil prices... because we could quickly lose today's gains.
We justmay need to lock'em & load'em (gains)NLT Monday, folks.
God Bless:^
Rod
Market Veteran
- Reaction score
- 150
imported post
tsptalk wrote:
Thanx Tom. This is my strategy, maintaining some sort of "hold" allocation while the choppiness continues, because we just never know when we will get that relief rally.
At the same time, I just gotta hope that the up days will outnumber the down. That is the chance I am taking by remaining invested.
I haven't sought shelter in (G) since December, and I am now :}2.07% for the year.
But I have this "inkling" that I may need to move there effective Tuesday. I haven't felt that in quite awhile, so I may need to take that seriously. I'll just have to see how Monday shapes up.
God Bless:^imported post
Rod wrote:
But I have this "inkling" that I may need to move there effective Tuesday. I haven't felt that in quite awhile, so I may need to take that seriously. I'll just have to see how Monday shapes up.
Rod, good job in sticking with the rally. What makes you have the"inkling" - would you care to share?
Rod
Market Veteran
- Reaction score
- 150
imported post
IBD Fan wrote:
I began tosense it once I heard that gas prices will be rising 20-30 cents a gallon. Where I live,they haverisen around 14 cents a gallon in just 2 days. I foresee that to go even higher this upcoming week. BUT, is that already factored into the market? I don't know.
If I do pull out, I may still leave some in (I).
God Bless:^
Rod
Market Veteran
- Reaction score
- 150
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:^imported post
I just bailed out of 100% I to 100% G today before 12 EST. idnt like what I saw witht he Asian market up, Euro mixed but the dollar up and the EAFE up. Thought the I fund tracked the EAFE very closely so am expecting the I fund to be down today if the numbers stay about the same the rest of the day. Interesting that you say the I may not follow the EAFE.
Rod
Market Veteran
- Reaction score
- 150
imported post
I've been way-over-my-head too busy this past week (the military is to blame
)to keep a close eye on the markets, and it is costing me in the (I). I'm nowexperiencing that "trapped" feeling that WE ALL experience sooner or later.
That said, I'm simply going to remain in hopes of recovering some of those losses because Ido not likeselling on losses, no matter how painful it might get.
Hopefully we'll have a rebound soon. If not, I'll then begin to move little by little off the table.
God Bless:^
Rod
Market Veteran
- Reaction score
- 150
imported post
I'm taking a little off the table in (I), because when I do this it always seems to rebound. Hmmm... go figure. We'll see if the "curse" continues so I can use it to my advantage in order to kick-start the (I).
Effective Friday:
40 C
60 I
God Bless:^Similar threads
. It seems your philosphy and mine are close to each other. Thats why I asked you. If you dont mind I will be tracking your moves and asking as you go along.