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The irony is we could have all just sat tight in I or S all year and been mucho fino. So how smart are we really?????
I'm having a tuff year. Watch the leaders, use Trader Fred and the sentiment survey. Watch the old guy that have been around awhile. Buy and hold is not a bad thing. Max out your contributions and use the L fund if your not monitoring the markets day to day.
Good luck and good trading.
Well the dip buyers messed with me yesterday afternoon. Was hoping to buy some C fund cheaper, but I was not very committed with only 25%.
I am thinking of rolling over to the I fund even though the China drop happened. I wonder if this is a over reaction to the increase in fees and we will get a bounce in the OSM. Japan did not take it as hard and recovered toward the end. Also if the USM rallies on the FOMC minutes the OSM may pop.
Looking at the FTSE chart almost every time the FTSE had a major down day the next day was generally up. Over course the exception was the correction triggered by...........................China.
It is all speculation on my part and I have not done that well this year.
If I'm willing to risk half why not all. What a recovery UK and EZ made. Blew my theory out of the water. Looks like China is not as big a concern as the FOMC minutes.
Thanks Show. Enjoy Dinner. I've been slammed everytime I make a move...I'm gun shy.:worried:
Show-me-
This year has been weird on me too.
Just when you think you've got the patterns down, and you think you are in harmony with the markets- something goes bonkers and knocks around in a direction you weren't expecting.
Me too. I'm down to 68th place this year.
Well, at least we keep trying.
And there is always next year.
With a clean start, and a chance to make the big time.
I decided to folloow the tide ebbnflow
UK, France, and Germany make up 41.2% of the I fund. The other 27.7% of EZ participants will follow the leaders. They took a pretty good whack from the ECB. The UK will announce its rate decision today. Pray we have no surprise rate hike. If they raise rates..............HOUSE OF PAIN!
Wednesday, around Noon Mountain Time, CNBC said that the DAX had dropped over 3% in the last two days, for what it's worth.
So far so good! FTSE is holding rates. Nikkei clawed it way back to a flat close. Shanghai closed up nicely, 3%.
U.S. ED today is Initial Claims, Wholesale Inventories, and Consumer Credit.